Funding Will Expand BetterVet’s Mobile Service in 25+ U. S. Markets
Company Offers Best-In-Class Pet, Pet Parent, and Practitioner Experience
BOSTON , Nov. 16, 2022 /PRNewswire/ — BetterVet, Inc. , the full-service mobile veterinary network, announced today that it has secured $40 million in Series A financing. The financing round is co-led simply by Alta Partners and industry trailblazer Bruce Herzfelder , BetterVet’s CEO and co-founder. BetterVet’s tech-enabled model empowers a doctor and nurse team to practice world-class medicine through visits in order to pets in the comfort of one’s home. With “white glove” service, BetterVet provides an elevated veterinary experience that is warm, high-touch, and personalized for each pet plus pet parent.
BetterVet is currently operating in 25 markets including Boston , Chicago , New York , Los Angeles , and San Francisco . With the Series A funding, BetterVet will deepen its presence in existing markets, add new markets, in addition to launch additional services.
The company’s founders include Bruce Herzfelder , who previously started VetCor, now one of the largest brick and mortar vet networks with over 700 hospitals; former AVMA president Dr . John de Jong , who is also president-elect of the World Animal Association; and
DIRECTV veteran Carolina Goncebat, an MIT Sloan graduate. Their modern, mobile approach to be able to veterinary medicine promotes a better veterinarian care experience for pets and pet parents alike. The easy-to-use BetterVet app enables clients to schedule home visit appointments found in real time, and BetterVet doctors obtain Fear Free® certification for you to minimize anxiety and stress for all family members.
“BetterVet was designed to facilitate access to care while improving the pet and even pet mother or father veterinary experience, ” said Bruce Herzfelder , TOP DOG of BetterVet. “We are thrilled to help have Pete Hudson together with Alta as our partners. They understand healthcare delivery models via previous investments and are committed to the future associated with veterinary care in the home. The additional capital coupled along with Alta Partners’ experience inside of healthcare will help us to expand our network of cell phone care across the country while maintaining our best-in-class veterinary service to pets and their parents. ”
BetterVet’s technology-enabled platform also provides a more modern and flexible doctor and additionally nurse experience in the veterinary labor market that has been impacted by burnout and retention difficulties. BetterVet’s proprietary web and application platform frees employees from a rigid schedule tied to brick not to mention mortar hours. Mobile treatment teams can customize their own schedules while enjoying competitive salaries and also benefits. BetterVet’s technology allows for real-time scheduling with route optimization, allowing employees to spend more period developing meaningful relationships together with pets as well as their parents.
“BetterVet will be leading the particular transformation in veterinary care for both typically the pet parent and veterinarian. Given this recent shift of pet ownership toward a younger, technology-oriented consumer base, BetterVet is uniquely positioned to succeed within these market dynamics. Generic and often the team at BetterVet have built a new sophisticated platform that will certainly lead your revolution regarding how vet care is accessed whilst attracting and retaining top industry talent, ” stated Pete Hudson , MD, managing director at Alta Partners. “Our team here at Alta is very excited in order to be working with Bruce and the exact BetterVet team to ensure that animals and their mother and father around the country are able to enjoy the benefits of receiving high-quality veterinary attention in the comfort involving their homes. ”
To support BetterVet’s strategic growth, Pete Hudson plus Dan Adams , most recently CEO connected with VetCor, are usually joining BetterVet’s Board with Directors.
BofA Securities Incorporation. acted as the exclusive tactical and financial advisor to be able to BetterVet. BetterVet was advised on legal matters by simply Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP. Cooley LLP acted while Alta Partners’ legal advisor.
About Alta Companions
Founded at 1996, Adhesión Partners is one of the nation’s premier healthcare venture capital firms. Entrada has raised $2. 6 billion present in capital by means of 11 venture funds in addition to invests here in healthcare companies across the development continuum, through company formation to later-stage opportunities, and even has funded more than 175 businesses within the sector to date. In August 2022 , Stat Reports recognized Alta as the country’s top performing biotech venture fund. Suscripción has offices inside the San Francisco Bay Area , Denver , and Jackson, WY. For more information, please visit www.altapartners.com
BetterVet was formed inside 2020 as a family business with Desmond and Julia Herzfelder because employees #1 and #4. The company is a leader inside veterinary clinic industry using its mobile phone, virtual, together with stress-free approach to pet care. Combining modern technology with compassionate, world-class support, BetterVet delivers a better vet treatment experience by means of meeting the particular pet from the comfort of their home although saving dog parents the hassle of bringing their anxious pets to the vet. BetterVet is currently available in twenty five cities across the United States . To find out more on the BetterVet experience, check out www.bettervet.com , or download the BetterVet mobile software on any mobile device.