Veterinarians on-demand 24/7 in the largest US metro areas
Business Model:
Revenue: $3M
Employees: 51-200
Address: 825 10th Street NW Suite 1172Was
City:
State: district of columbia
Zip: 20001
Country: US
KwikVet&s;s patent-pending system allows busy pet parents in major cities to get a licensed veterinarian at home, any time of the day or night. Kwikvet solves over 90% of the issues that would otherwise require a time-consuming, stressful visit to a brick and mortar veterinary clinic. A data-driven company, KwikVet uses disease-frequency data to equip veterinarians with an engineered medicine &a; test bag, supported by lab manufacturers looking to place the best veterinary solutions at the point of service. KwikVet significantly lowers the cost of opening-up the in-person Veterinary-Client-Patient Relationship (VCPR) required by most States to allow the ensuing tele-monitoring of pets&s; health and further veterinary product prescription, including the prescriptions needed by the growing $10b market of medicated pet food and supplements. Veterinary clinics are a growing $30B market, fragmented into about 30,000 mom &a; pop clinics. The largest national player - Banfield - has only about a 10% share. The second player - VCA with a 3% share - was acquired by Banfield for $9.1 billion in early 2017. Medicated pet food suppliers - that need the VCPR KwikVet can provide in order to reach clients - are also actively traded, including the recent acquisition of Blue Buffalo by General Mills for $8 billion.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 6/2016 | Seed Round | $1.2M |
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