About Covetrus
Covetrus is a company based in Portland (United States) founded in 2010 was acquired by Clayton Dubilier & Rice in May 2022. Covetrus has raised $291.64 million across 7 funding rounds from investors including TPG, CD&R and Hillhouse. Covetrus has completed 3 acquisitions, including AppointMaster, VCP and Vcp.net. Covetrus operates in a competitive market with competitors including Blue Rabbit, Nordhealth, Mascotte Health, Dodo and TOPAZ Technologies, among others.
- Headquarter Portland, United States
- Stage Public
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Sectors
Healthcare
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$291.64 M (USD)
in 7 rounds
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Latest Funding Round
$250 M (USD), Post-IPO
Apr 30, 2020
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Investors
TPG
& 12 more
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Employee Count
Not available
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Investments & Acquisitions
AppointMaster
& 2 more
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Acquired by
Clayton Dubilier & Rice
(May 25, 2022)
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People of Covetrus
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Leadership Team
61 people
Software Development Team
52 people
Product Management Team
43 people
Sales and Marketing
40 people
Finance and Accounting
33 people
Senior Team
15 people
Veterinary Team
14 people
Operations Team
12 people
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Funding Insights of Covetrus
Covetrus has successfully raised a total of $291.64M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $250 million completed in April 2020. 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.
Investors in Covetrus
Covetrus has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include TPG, CD&R and Hillhouse.
| Investor | Description | Founded Year | Domain | Location |
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Global private equity investments are managed with long-term focus.
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Private investment firm focused on multiple sectors
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Early-stage and late-stage biotech and finance companies are funded.
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Investor details for Covetrus
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Covetrus
Covetrus has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include AppointMaster, VCP and Vcp.net.
Investment portfolio details for Covetrus
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Platform for animal wellness plans is provided to veterinary providers.
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Locked | Locked | 2011 | Locked | |
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Software for real-time patient appointment management in healthcare is offered.
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Locked | Locked | 2008 | Locked | |
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Security services for the defence sector are provided by Vcp.net.
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Locked | Locked | 1997 | Locked |
Complete acquisition details for Covetrus
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Covetrus
Detailed financials for Covetrus
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Covetrus Comparisons
Peer comparison for Covetrus
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- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
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Competitors of Covetrus
Covetrus 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 Blue Rabbit, Nordhealth, Mascotte Health, Dodo and TOPAZ Technologies, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Provider of the compliance management solution for veterinary practice
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Cloud-based software for veterinary practice management is provided.
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| Locked | Locked | Locked |
Virtual triage and customer solutions are offered for veterinary practices.
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Dodo is recognized as an AI receptionist for clinics.
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Software for animal and clinical research compliance is developed.
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Detailed competitors of Covetrus
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Covetrus
Complete news archive for Covetrus
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Covetrus
Covetrus was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Covetrus is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Benjamin Wolin is the current CEO of Covetrus.
Covetrus is a funded company, having raised a total of $291.64M across 7 funding rounds to date.
Covetrus was founded in 2010 and is headquartered in Portland, United States. Veterinary software systems, including RxWorks and VisionVPM, are offered to support practice operations within the animal health sector. Revenue optimization and workflow streamlining are facilitated through these tools. Integrated software and hardware solutions are also delivered to enhance efficiency for veterinary practices.
Covetrus's top competitors include Nordhealth, Blue Rabbit and Mascotte Health.
Covetrus has made 3 acquisitions, including AppointMaster, VCP, and Vcp.net.
Covetrus has 13 investors. Key investors include TPG, CD&R, Hillhouse, Viking Global Investors, and Wellington.