Vetster, a virtual veterinary and pet care marketplace, has raised CAD 12.25 million (approximately USD 10 million) in an oversubscribed funding round, co-led by Whitecap Venture Partners, Brightspark Ventures, and Hedgewood. The funding round also included participation from a few angel investors such as Michael Katchen and Leen Li.
The company expects to use the funding to grow its preventative and urgent care services, including the development of a new mobile app for iOS and Android, which the company plans to launch in June.
As of May 2021, the company claims that it had exceeded its initial growth targets by about 250% since its launch in November 2020. The company also claims to be the world’s first and largest virtual veterinary and pet care marketplace.
Vetster is a Toronto-based provider of veterinary telehealth services. As of November 2020, the company partnered with more than 1,800 licensed veterinary professionals in the US and Canada. Vetster provides solutions for pet issues such as behavioral and dietary concerns, skin issues, minor wounds, gastrointestinal issues, and wellness training. The Pet owners can connect with veterinarians through video, chat, and voice-enabled appointments 24/7. Veterinary professionals can sign up on the platform for free and receive a payment for each appointment completed, with Vetster charging a commission on each successful transaction.
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