Nature of Funding :
Venture Capital (EIS)
Use of Funding :
Development Capital
Sector :
Health Tech
Amount :
Six-Figures
Date of Investment :
September 2023
Location :
Liverpool
Fund :
fund:AI
Summary
fund:AI (managed by River Capital) made a six-figure investment into leading pet health-tech platform company VidiVet.
Vidivet have been named one of the UK’s Top 10 most exciting early-stage technology companies by Tech Nation and provides online vet triage services to pet owners all over the UK 24 hours a day, 7 days a week.
VidiVet was founded in March 2020 by experienced vet Ben Sweeney. The Liverpool-based business employs a team of 60, including a global team of vets who work remotely.
The app is redefining telehealth and providing enhanced operational efficiency and profitability to veterinary practices across the UK.
Vidivet are growing rapidly with a number of new B2B clients including entry into the lucrative pet insurance ecosystem.
fund:AI will support the business with not just capital but also AI expertise as the business embarks on a computer vision, IOT and deep learning journey designed to enhance the vet service and to further improve customer satisfaction levels.
Testimonial
Raising investment can be hard and many founders inevitably find it difficult to select the right partner to pursue their vision. From early meetings with the team at River Capital, it was clear that they not only understood what we have now but where we are going – which is of course critical. We live in a time where people are excited but also fearful of AI so it is lovely to be able to share our journey with pet owners and to utilise AI and machine learning to fuel our learnings and evolution as a company.
Ben Sweeney VidiVet Founder