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
- SectorsHealthcare
- Website category Pets and Animals · Pet Food and Supplies
- Email••••••••
- Phone•••• ••••
- Website covetrus.com
- Social LinkedIn X Facebook
- Acquired by Clayton Dubilier & Rice (May 2022)
- Total Equity Funding$291.64M (USD)
in 7 rounds
- Latest Funding Round$250M (USD), Post-IPO
Apr 2020
- InvestorsTPG
& 12 more
- Investments & AcquisitionsAppointMaster
& 2 more
- Acquired byClayton Dubilier & Rice
(May 2022)
Apps and channels of Covetrus
Covetrus publishes 1 mobile app with over 10K+ downloads.
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.
- Total Funding $291.64M
- Total Rounds 7
- Last Round Post-IPO — $250M
- First Round $4M
(May 2012)
- Investors Count 12
All 7 funding rounds of Covetrus with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2020 | $250M | Post-IPO | – | – | |
| Feb 2019 | $361.09M | Post-IPO | – | – | – |
| Jul 2017 | $223.55M | Series C | – | Clayton Dubilier & Rice, Hillhouse | |
| Jul 2015 | $52.3M | Series B | – | Clayton Dubilier & Rice | – |
| Mar 2015 | $5.2M | Series A | – | – | – |
| Jun 2013 | $6.59M | Series A | – | HLM Venture Partners | |
| May 2012 | $4M | Series A | – | Polaris Partners |
13 investors in total: 12 institutional and 1 angel.
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 |
|---|---|---|---|---|
Global private equity investments are managed with long-term focus. | – | hillhouseinvestment.com | New York, United States | |
Private investment firm focused on multiple sectors | – | vikingglobal.com | Greenwich, United States | |
Early-stage and late-stage biotech and finance companies are funded. | – | rockspringscapital.com | Baltimore, United States | |
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - | |
VC firm investing in expansion stage tech and life sciences companies in the US | – | hlmvp.com | Waltham, United States | |
US focused venture capital firm | – | polarispartners.com | Boston, United States | |
Venture capital firm investing in seed & series A startups | – | borealis.vc | Hanover, United States | |
Tech & Life Science focused early stage VC firm investing in the US | – | hlcp.com | Keene, United States | |
Fund of funds focused on pre-seed and seed-stage companies | 1992 | tpg.com | Fort Worth, United States | |
A private equity firm focused on building long-term business value. | – | cdr-inc.com | New York, United States |
Investor details for Covetrus
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Covetrus
377 people are tracked at Covetrus (111 in leadership, 16 in board & advisors, 250 in team).
| Name | Role | Group |
|---|---|---|
Bill Ng | Chief Operating Officer | Leadership |
Benjamin Wolin | CEO | Leadership |
Michael Ellis | EVP & President, Europe and North America | Leadership |
Jason Covitz | Vice President Of Commercial Finance | Leadership |
Samantha Cuozzo | Senior Director, Brand & Creative (b2b/b2c) | Leadership |
Abby Stegall | Sr. Talent Acquisition Partner - GTM Strategy | Leadership |
Gabrielle Dwyer | Director, Technology Solutions (apac) | Leadership |
Anthony Consolati | Director Of Strategic Product And Engineering, Technology Solutions APAC And Eulam | Leadership |
Scott Kaplan | Vice President Of Revenue Operations | Leadership |
Bert Fierkens | Managing Director Covetrus Netherlands + Belgium | Leadership |
Steve Manolis | Director Of Finance - Corporate Operations | Leadership |
John Branstad | Vice President, Global Head Of Tax | Leadership |
Donna Ganci | Executive Director Of Finance | Leadership |
Anna Greene | Director Of Finance | Leadership |
Meaghan Flood | Director, Product Experience | Leadership |
Stephanie Foster | Director Of Customer Education | Leadership |
David Landoy-Fitch | Director, Delivery Management | Leadership |
Jeremy Bennett | Director Of Product Management | Leadership |
Bill N. | Chief Operating Officer - North America | Leadership |
Elise Lieberman | Vice President, Human Resources - North America | Leadership |
357 more people are available in the full profile.
Complete people profiles for Covetrus
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Software for real-time patient appointment management in healthcare is offered. | appointmaster.com | Great Falls, United States | 2008 | Nov 2021 | •••• | |
Platform for animal wellness plans is provided to veterinary providers. | vcp.vet | Irvine, United States | 2011 | Jun 2021 | •••• | |
Security services for the defence sector are provided by Vcp.net. | vcp.net | – | 1997 | Jun 2021 | •••• |
Complete acquisition details for Covetrus
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Covetrus
8 dated milestones of Covetrus across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Covetrus is founded.
- Funding First funding round of $4.0M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $250.0M.
- Acquisition Acquires VCP.
- Acquisition Acquires Vcp.net.
- Acquisition Acquires AppointMaster.
- Exit Acquired by Clayton Dubilier & Rice.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bluerabbit.vet | 2021 | Portland, United States | $28.18M | – | Provider of the compliance management solution for veterinary practice | |
| nordhealth.com | 2001 | Espoo, Finland | – | – | Cloud-based software for veterinary practice management is provided. | |
| mascottehealth.com | 2023 | Miami, United States | $1.2M | – | Virtual triage and customer solutions are offered for veterinary practices. | |
| dodo.health | 2024 | San Francisco, United States | $499,998 | – | Dodo is recognized as an AI receptionist for clinics. | |
| topazti.com | 1979 | Pflugerville, United States | – | 17 | Software for animal and clinical research compliance is developed. | |
| innate.ly | 2017 | Colorado Springs, United States | $150,000 | – | Customized practice management solutions are built through an online platform. |
Detailed competitors of Covetrus
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Covetrus
The website of Covetrus (covetrus.com) receives about 2.3M visits a month and ranks #25,881 among all websites worldwide, #105 in Pet Food and Supplies.
- Monthly visits2.3M
▲ 14.9% vs previous month
- Unique visitors437.7K
per month
- Global rank#25,881
among all websites
- Category rank#105
Pets and Animals · Pet Food and Supplies
- Bounce rate27%
- Pages per visit5.6
- Average visit10 min 01 sec
- DevicesDesktop 78% · Mobile 22%
Websites whose visitors overlap most with Covetrus. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| vetconnectplus.com | 100% | – | #38,765 | View details | |
shop.vetcove.com | shop.vetcove.com | 97% | – | #77,793 | – |
carecreditprovidercenter.com | carecreditprovidercenter.com | 95% | – | #57,539 | – |
pawsetrack.vet | pawsetrack.vet | 94% | – | #160,964 | – |
mycovetrus.com | mycovetrus.com | 93% | – | #308,635 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Covetrus
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Covetrus
Complete news archive for Covetrus
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Covetrus
10 companies that operate in the same segment as Covetrus (Veterinary Digital Health), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Animal medicines, vaccines, and diagnostics are manufactured and supplied. | 2012 | Brussels, Brussels-capital Region, Belgium | – | – | – | |
Veterinary pharmacy services are delivered by VetSource to practices. | 2005 | Portland, Oregon, United States | USD 81.25 M | – | – | |
Animal health therapeutics are developed and supplied globally by Ceva. | 1999 | Libourne, Nouvelle-aquitaine, France | USD 214.35 M | – | – | |
Digital platform for pet insurance | 2020 | Stockholm, Sweden | USD 114.08 M | – | – | |
App based platform providing veterinary services and clinical management solutions for veterinarians | 2018 | Beverly Hills, California, United States | USD 58.81 M | – | – | |
Online client communication platform for veterinary doctors | 2013 | San Diego, California, United States | USD 14.11 M | USD 14.38 M | 1 | |
Virtual veterinary care is provided via an app platform. | 2018 | Los Angeles, California, United States | USD 210 M | – | 163 | |
Comprehensive customer engagement platform for veterinary clinics is provided. | 2015 | Austin, Texas, United States | USD 50.3 M | – | – | |
Veterinary appointments are booked via an online platform. | 2017 | Brooklyn, New York, United States | USD 243 M | – | 64 | |
Provider of online video consultation platform for pets | 2016 | Stockholm, Sweden | USD 83.47 M | – | – |
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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. The company's 1st funding round was a Series A of $4M, raised on May 2012.
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.
Yes. Covetrus was acquired by Clayton Dubilier & Rice in May 2022.
Yes. Covetrus publishes MyPetsWellness, with over 10,000 downloads.
The website of Covetrus receives about 2.3 million visits a month and ranks #25,881 among all websites worldwide.