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
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Sectors
Healthcare
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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
$50.3 M (USD)
in 3 rounds
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Latest Funding Round
$43 M (USD), Series B
Aug 31, 2023
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Investors
Boehringer Ingelheim
& 7 more
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Employee Count
Employee Count
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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.
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
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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 |
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| Jun, 2020 | Amount | Series A - Otto | Valuation | Mercury Fund | |
| Dec, 2019 | Amount | Seed - Otto | Valuation | Dundee Venture Capital , Mercury Fund |
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.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments are directed toward US, India, and Canada firms.
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Seed funding is offered by Dundee Venture Capital.
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Founded Year | Domain | Location | |
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Atento Capital is focused on unlocking entrepreneurial potential globally.
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Founded Year | Domain | Location |
Investments & Acquisitions by Otto
Financial Statements - Otto
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online client communication platform for veterinary doctors
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| domain | founded_year | HQ Location |
Operates an online telemedicine platform for pet healthcare services.
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| domain | founded_year | HQ Location |
Provides AI-based software for veterinary professionals to manage client communications efficiently.
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| domain | founded_year | HQ Location |
Offered communication support to veterinary professionals for 18 years.
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| domain | founded_year | HQ Location |
An AI-enabled platform for veterinary management and consultations is offered.
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Frequently Asked Questions about Otto
Otto was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Otto is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Zeynep Young is the current CEO of Otto.
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.
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.
Otto offers Otto Flow, Otto AI Recap, Otto Pay, Otto Care, and Otto Phones.
Otto has 8 investors. Key investors include Boehringer Ingelheim, GAN, Mercury Fund, Hill's Pet Nutrition, and Dundee Venture Capital.