About VetSource
VetSource is a company based in Portland (United States) founded in 2005 was acquired by Mars in May 2021.. VetSource has raised $81.25 million across 5 funding rounds from investors including Mars and Bain Capital Ventures. VetSource has completed 2 acquisitions, including Vet2Pet and VetSuccess. VetSource offers products and services including Prescription Management and Client Engagement.
- Headquarter Portland, United States
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Vetsource
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Products & Services of VetSource
VetSource offers a comprehensive portfolio of products and services, including Prescription Management and Client Engagement. 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.
Workflows are improved and compliance is increased through a centralized solution for managing prescriptions in pet healthcare.
Relationships with clients are strengthened and communication is enhanced via tools like Vet2Pet for veterinary practices.
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Sales and Marketing
13 people
Leadership Team
12 people
Senior Team
9 people
Software Development Team
8 people
Human Resources and Administration
6 people
Product Management Team
5 people
Practice Team
3 people
National Team
3 people
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Funding Insights of VetSource
VetSource has successfully raised a total of $81.25M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $50 million completed in June 2018. 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 5
- Last Round Series D — $50.0M
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First Round
First Round
(13 Sep 2007)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series D - VetSource | Valuation | Bain Capital Ventures |
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| May, 2016 | Amount | Series C - VetSource | Valuation |
investors |
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| Oct, 2015 | Amount | Series C - VetSource | Valuation |
investors |
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| 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 VetSource
VetSource has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Mars and Bain Capital 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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Venture capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location | |
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Grains, legumes, snacks, pet care, and confectionery products are produced.
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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 VetSource
VetSource has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Vet2Pet and VetSuccess. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of animal healthcare solutions
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2013 | ||||
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Provider of practice management solutions for veterinarians
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - VetSource
| 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 |
Vetsource Comparisons
Competitors of VetSource
| 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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Frequently Asked Questions about VetSource
When was VetSource founded?
VetSource was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Where is VetSource located?
VetSource is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Is VetSource a funded company?
VetSource is a funded company, having raised a total of $81.25M across 5 funding rounds to date. The company's 1st funding round was a Series C of $9.98M, raised on Sep 13, 2007.
What does VetSource do?
VetSource was founded in 2005 to serve the veterinary pharmacy sector. Home delivery options, online tools, and value-added services for business operations are supplied to veterinary practices. Headquarters are maintained in Portland, United States, alongside a technology center in Tulsa and distribution facilities in Harrisburg and Dallas.
What products or services does VetSource offer?
VetSource offers Prescription Management and Client Engagement.
How many acquisitions has VetSource made?
VetSource has made 2 acquisitions, including Vet2Pet, and VetSuccess.
Who are VetSource's investors?
VetSource has 2 investors. Key investors include Mars, and Bain Capital Ventures.