Investors shower TeleVet with $2 million

The company’s telemedicine app connects pet owners with veterinarians.

Investors shower TeleVet with $2 million

TeleVet has secured an additional $2 million in funding as the 4-year-old company looks to further develop its veterinary telemedicine app and hire additional employees.

The seed round was co-led by Dundee Venture Capital of Omaha, Nebraska, and Houston-based Mercury Fund. TeleVet had raised $300,000 before the latest investment.

The Austin, Texas, company’s mobile app supports phone, text and video consultations between veterinarians and clients, prescription orders through Vetsource and online appointment bookings. Pet owners can upload photos and videos from a smartphone for sharing with the doctor. The app integrates with veterinary practice management systems.

“TeleVet provides a modern, mobile experience for veterinarians and practice owners,” said Blair Garrou, managing director at Mercury Fund. “Now pet owners can communicate with their vet as easily as they do with any other service provider. With more than 30,000 veterinary practices in the U.S., there’s a huge opportunity ahead for TeleVet.”

TeleVet was co-founded by entrepreneurs Steven Carter and Price Fallin. The company’s three veterinarian advisers hold equity stakes in the company, according to a spokesperson.

The company’s website lists openings for two app developers.

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