Liverpool vet-tech company is in ‘good health’ following six-figure funding round

Liverpool based vet technology company, VidiVet, has closed its latest seed funding round early after raising £310k to fuel its growth and continued development, which coincides with the company being crowned as the region’s most exciting technology scaleup.

VidiVet was named as the North West’s “most exciting early-stage technology scaleup” at Rising Stars 5.0. The competition, hosted by Tech Nation, showcases “innovative” technology companies and VidiVet saw off competition from 11 other technology companies, that were all named as ‘city winners’ in November, to win the prestigious accolade.

The VidiVet app gives pet owners immediate access to a UK registered vet, 24 hours a day, seven days a week, and it’s already being used by more than 10,000 pet owners.

The company currently employs a 33-strong team, and the majority of this latest £310k investment came from business angels and existing investors, along with several well-known names in the veterinary industry.

These include Wendy Furness, who is a member of the UK Business Angels Association and was previously a director at Pride Veterinary Referrals in Derby, and Adam Tjolle, who was previously CEO at Inglis Vets, which has practices throughout Edinburgh.

The business was founded by vet Ben Sweeney in 2020 and has already benefited after securing a future fund loan from the British Business Bank, the government-owned development bank dedicated to new and smaller businesses.

Ben Sweeney, founder and CEO at VidiVet, commented: “We’ve grown rapidly over the past 12 months and have significantly increased the numbers of veterinary practices and pet owners who are using VidiVet.

“Winning the Tech Nation award, after competing against such a wide range of local technology businesses that are all doing impressive things, is a huge achievement for our whole team and incredibly humbling.

“When this is combined with our latest funding round, which we had to close early after exceeding our initial target, it’s definitely a very exciting time for us. The money will enable us to continue growing our team to support the high numbers of veterinary practices we are on-boarding every month.

“The feedback we’re receiving from pet owners and vet practices has been excellent. The app also enables veterinary practices to increase capacity, as well as alleviating pressure for their teams, at a time when more than half of practices aren’t accepting new clients.”

By Matthew Neville – Senior Correspondent, Bdaily

• Add me on LinkedIn and Twitter to keep up to date
• And follow Bdaily on Facebook, Twitter and LinkedIn
• Submit press releases to editor@bdaily.co.uk for consideration.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →