Vet-AI takes investment to £12.6m with new raise
Summary
Leeds-based veterinary technology company, Vet-AI, has secured a combined investment from Hills Pet Nutrition and Correlation One Holdings.The latest round of investments will enable the business to further scale-up its operations with these strategic collaborations.It is the third investment for Vet-AI from Correlation.The backing of both investors will help to improve the lives of veterinarians and pets.The collaborations will open up digital veterinary care to millions of pet owners through Vet-AIs innovative Joii Pet Care app.It will also enable Vet-AI to provide AI-powered technology solutions and assistance to veterinary practices, bringing the industry together to address the rise in demand for veterinary care.Joii Pet Care provides tools for veterinary practices so that a higher proportion of in-practice resource is utilised for more complex procedures helping to reduce workload for veterinary professionals whilst increasing engagement overall.Paul Hallett, co-founder of Vet-AI, said: Were delighted to confirm these really important funding rounds with two long-term strategic partners. They will help us undertake innovative work to provide a much-needed bridge between digital and face-to-face veterinary care. This combined approach will support even more pets and clinical professionals to thrive.We are focused on doing all we can to ease pressures in the industry while providing convenient and affordable access to veterinary care underpinned by cutting-edge technology. We think vets will appreciate Joiis many helpful functionalities, such as tele-triage, online follow-ups and check-ups.One of our top priorities is fostering and continually investing in the health, longevity, and satisfaction of our veterinary network. Were very much looking forward to working with them alongside Hills Pet Nutrition on the next chapter.Vet-AI was founded in 2017 by entrepreneur Paul Hallett in partnership with veterinary surgeons Dr Robert Dawson and Dr Sarah Warren.The trio set out to improve engagement and access to veterinary care and since launching its revolutionary app Joii Pet Care, they have conducted well over 150,000 consultations online and have received over 70,000 five-star reviews across platforms.It was included in the inaugural Leeds City Region Tech Climbers list earlier this year.Joii Pet Care offers a virtual veterinary clinic created by world-class veterinary surgeons with the goal of taking some of the burden off local veterinary practices with preemptive tasks that pet parents can perform online directly in the Joii app.Lupton Fawcett, a minority shareholder in Vet-AI, provided legal advisory.