About Otto
Otto is a company based in Austin (United States) founded in 2015 by Steven Carter and Price Fallin. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Otto has raised $50.3 million across 3 funding rounds from investors including Boehringer Ingelheim, GAN and Mercury Fund. Otto offers products and services including Otto Flow, Otto AI Recap, Otto Pay, Otto Care, and Otto Phones. Otto operates in a competitive market with competitors including PetDesk, Linkyvet, VetPawer, VIN Practice Communications and IVetData, among others.
- Headquarter Austin, United States
- Founders Steven Carter, Price Fallin
-
Sectors
Healthcare
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$50.3 M (USD)
in 3 rounds
-
Latest Funding Round
$43 M (USD), Series B
Aug 31, 2023
-
Investors
Boehringer Ingelheim
& 7 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Otto
Otto offers a comprehensive portfolio of products and services, including Otto Flow, Otto AI Recap, Otto Pay, Otto Care, and Otto Phones. 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.
Tasks are streamlined and automated for veterinary efficiency.
AI notes are generated to save veterinary time.
Payments are simplified for vets and pet parents.
Membership programs are customized for veterinary clinics.
Conversations are streamlined with integrated phone systems.
Funding Insights of Otto
Otto has successfully raised a total of $50.3M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $43 million completed in August 2023. 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 B — $43.0M
-
First Round
First Round
(12 Dec 2019)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series B - Otto | Valuation |
investors |
|
| Jun, 2020 | Amount | Series A - Otto | Valuation | Mercury Fund | |
| Dec, 2019 | Amount | Seed - Otto | Valuation | Dundee Venture Capital , Mercury Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Otto
Otto has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Boehringer Ingelheim, GAN and Mercury Fund. 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 |
|---|---|---|---|---|
|
Early-stage investments are directed toward US, India, and Canada firms.
|
Founded Year | Domain | Location | |
|
Seed funding is offered by Dundee Venture Capital.
|
Founded Year | Domain | Location | |
|
Atento Capital is focused on unlocking entrepreneurial potential globally.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Otto
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Otto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Otto Comparisons
Competitors of Otto
Otto 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 PetDesk, Linkyvet, VetPawer, VIN Practice Communications and IVetData, 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 |
Online client communication platform for veterinary doctors
|
|
| domain | founded_year | HQ Location |
Operates an online telemedicine platform for pet healthcare services.
|
|
| domain | founded_year | HQ Location |
Provides AI-based software for veterinary professionals to manage client communications efficiently.
|
|
| domain | founded_year | HQ Location |
Offered communication support to veterinary professionals for 18 years.
|
|
| domain | founded_year | HQ Location |
An AI-enabled platform for veterinary management and consultations is offered.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Otto
Frequently Asked Questions about Otto
When was Otto founded?
Otto was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Otto located?
Otto is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Otto?
Zeynep Young is the current CEO of Otto.
Is Otto a funded company?
Otto is a funded company, having raised a total of $50.3M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.3M, raised on Dec 12, 2019.
What does Otto do?
Otto is established as an all-in-one client communication platform tailored for veterinary teams. Operations are supported across various sectors including workflow automation, AI scribing, payment processing, and membership programs. Solutions are provided to streamline tasks, automate communications, and integrate with practice management systems. Veterinary clinics are enabled to enhance efficiency, reduce call volumes, and focus on client interactions through a subscription-based software model.
What products or services does Otto offer?
Otto offers Otto Flow, Otto AI Recap, Otto Pay, Otto Care, and Otto Phones.
Who are Otto's investors?
Otto has 8 investors. Key investors include Boehringer Ingelheim, GAN, Mercury Fund, Hill's Pet Nutrition, and Dundee Venture Capital.