About BetterVet
BetterVet is a company based in Boston (United States) founded in 2020 by John De Jong, Bruce Herzfelder, and Carolina Goncebat.. BetterVet has raised $58.93 million across 3 funding rounds from investors including Alta Partners and Bruce Herzfelder. The company has 59 employees as of December 31, 2023. BetterVet has completed 1 acquisition, including Vet's Here. BetterVet offers products and services including Home Visits, Wellness Exams, Sick Visits, Vaccinations, and Home Lab Tests. BetterVet operates in a competitive market with competitors including Modern Animal, Airvet, Bond Vet, PetDesk and The Vets, among others.
- Headquarter Boston, United States
- Employees 59 as on 31 Dec, 2023
- Founders John De Jong, Bruce Herzfelder, Carolina Goncebat
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Sectors
ConsumerHealthcare Business Services
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$58.93 M (USD)
in 3 rounds
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Latest Funding Round
$1 M (USD), Series A
Jun 18, 2024
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Investors
Alta Partners
& 1 more
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Employee Count
59
as on Dec 31, 2023
- Investments & Acquisitions
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Products & Services of BetterVet
BetterVet offers a comprehensive portfolio of products and services, including Home Visits, Wellness Exams, Sick Visits, Vaccinations, and Home Lab Tests. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
On-site care for pets including exams and treatments.
Comprehensive assessments to ensure pet health and well-being.
Prompt treatment for ill pets in a familiar setting.
Administration of vaccines to protect pets from diseases.
On-location blood and urine tests for pet diagnostics.
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Funding Insights of BetterVet
BetterVet has successfully raised a total of $58.93M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $1.0M
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First Round
First Round
(16 Nov 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - BetterVet | Valuation |
investors |
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| Mar, 2024 | Amount | Series A - BetterVet | Valuation |
investors |
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| Nov, 2022 | Amount | Series A - BetterVet | Valuation | Alta Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BetterVet
BetterVet has secured backing from 2 investors, including venture fund and angel investors. Prominent investors backing the company include Alta Partners and Bruce Herzfelder. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on healthcare companies
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Founded Year | Domain | Location | |
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BH
Bruce Herzfelder |
Angel investor and advisor focused on Indian startups and technology ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BetterVet
BetterVet has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Vet's Here. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Home-based mobile veterinary services including exams and diagnostics are offered.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - BetterVet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bettervet Comparisons
Competitors of BetterVet
BetterVet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Modern Animal, Airvet, Bond Vet, PetDesk and The Vets, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Virtual veterinary care is provided via an app platform.
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| domain | founded_year | HQ Location |
App based platform providing veterinary services and clinical management solutions for veterinarians
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| domain | founded_year | HQ Location |
Veterinary appointments are booked via an online platform.
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| domain | founded_year | HQ Location |
Online client communication platform for veterinary doctors
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| domain | founded_year | HQ Location |
House call veterinary appointments are booked through an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bettervet
Frequently Asked Questions about BetterVet
When was BetterVet founded?
BetterVet was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is BetterVet located?
BetterVet is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of BetterVet?
Bruce Herzfelder is the current CEO of BetterVet. They have also founded this company.
Is BetterVet a funded company?
BetterVet is a funded company, having raised a total of $58.93M across 3 funding rounds to date. The company's 1st funding round was a Series A of $40M, raised on Nov 16, 2022.
How many employees does BetterVet have?
As of Dec 31, 2023, the latest employee count at BetterVet is 59.
What does BetterVet do?
BetterVet was founded in 2020 in Boston, United States, as an online platform in the pet health sector. Pet owners are connected to veterinarians through the service, where virtual consultations and home visits can be scheduled. Access to pet medical history and certificates is also provided. The platform is available for download on Google Play and the Apple App Store, supporting operations across the region.
Who are the top competitors of BetterVet?
BetterVet's top competitors include Airvet, PetDesk and Modern Animal.
What products or services does BetterVet offer?
BetterVet offers Home Visits, Wellness Exams, Sick Visits, Vaccinations, and Home Lab Tests.
How many acquisitions has BetterVet made?
BetterVet has made 1 acquisition, including Vet's Here.
Who are BetterVet's investors?
BetterVet has 2 investors. Key investors include Alta Partners, and Bruce Herzfelder.
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