About FirstVet
FirstVet is a company based in Stockholm (Sweden) founded in 2016 by David Prien and Joakim Widigs.. FirstVet has raised $83.47 million across 6 funding rounds from investors including Mubadala, Vinnova and TELUS Ventures. FirstVet operates in a competitive market with competitors including AniCura Group, among others.
- Headquarter Stockholm, Sweden
- Founders David Prien, Joakim Widigs
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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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- Legal Name Firstvet Aps
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$83.47 M (USD)
in 6 rounds
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Latest Funding Round
$21.38 M (USD), Series C
Jun 24, 2024
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Investors
Mubadala
& 9 more
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Employee Count
Employee Count
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Funding Insights of FirstVet
FirstVet has successfully raised a total of $83.47M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $21.38 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 6
- Last Round Series C — $21.4M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series C - FirstVet | Valuation | TELUS Ventures | |
| Jan, 2022 | Amount | Series C - FirstVet | Valuation | CNI |
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| Nov, 2020 | Amount | Series C - FirstVet | Valuation | Mubadala |
| 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 FirstVet
FirstVet has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mubadala, Vinnova and TELUS Ventures. 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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Investments in multiple sectors are directed by TELUS Ventures.
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Founded Year | Domain | Location | |
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Early-stage technology-driven companies are targeted for venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments are made in technology startups through a global ecosystem.
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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 FirstVet
| 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 |
Financial Statements - FirstVet
| 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 |
Firstvet Comparisons
Competitors of FirstVet
FirstVet 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 AniCura Group, 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 |
A chain of veterinary clinics is operated by AniCura Group.
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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 Firstvet
Frequently Asked Questions about FirstVet
When was FirstVet founded?
FirstVet was founded in 2016.
Where is FirstVet located?
FirstVet is headquartered in Stockholm, Sweden.
Who is the current CEO of FirstVet?
David Prien is the current CEO of FirstVet. They have also founded this company.
Is FirstVet a funded company?
FirstVet is a funded company, having raised a total of $83.47M across 6 funding rounds to date. The company's 1st funding round was a Series C of $35.6M, raised on Jun 17, 2016.
What does FirstVet do?
FirstVet was founded in 2016 in Stockholm, Sweden, and operates within the digital health sector for pets. Video consultations with licensed veterinarians are provided through an online platform, allowing users to book appointments for common issues such as diarrhoea, vomiting, injuries, ear pain, and skin problems. The service functions as a virtual clinic accessible via the domain firstvet.com, supporting pet owners in remote areas.
Who are the top competitors of FirstVet?
FirstVet's top competitors include AniCura Group.
Who are FirstVet's investors?
FirstVet has 10 investors. Key investors include Mubadala, Vinnova, TELUS Ventures, OMERS Ventures, and Cathay Innovation.