Led · Series A · May 2022

Easyvet operates walk-in veterinary clinics offering wellness exams, core vaccines, parasite screening and prevention, microchipping, flea/tick and heartworm prevention, and behavioral and lifestyle counseling. The company franchises a turnkey business model, providing franchisees support in inventory management, financial automation, digital marketing, HR and recruitment, clinical training, facilities, and IT/data reporting. As of May 2022 Easyvet has 19 open locations across eight states and reports 27 additional locations in development across 20 unique markets, with expansion on track to double in size in 2022. The company positions itself as the nation's first walk-in veterinary franchise and focuses on making pet care more convenient and affordable while enabling veterinarians to own clinics. Easyvet announced a $5 million Series A-1 round to support growth initiatives. The company plans to use the capital to grow clinical support resources, expand learning management tools, and improve technologies for franchisee success. Easyvet is a walk-in veterinary clinic franchise founded in 2013 that offers comprehensive primary pet care including wellness exams, core vaccines, parasite screening and prevention, microchipping, and behavioral and lifestyle counseling. The franchise model is designed to make clinic ownership accessible to veterinarians and investors while lowering costs of care for pet parents by eliminating in-house surgeries and partnering with nearby practices for surgical needs. Easyvet also price-checks local veterinary practices in each market to ensure affordable rates and packages. As of the announcement the company comprises 30 franchisees with twelve locations open across seven states and leasing and construction underway for 27 additional locations in Arizona, Florida, Texas, Georgia, Tennessee, Alabama, and Colorado. Management says it will use new capital to grow resources and hires, expand learning management tools, improve the veterinary experience, and invest in technologies to support franchisees. The company reports rapid expansion and was on track to triple in size by 2022.

Participated · Series B · Sep 2021

Petabyte Technology provides a patient management software platform for veterinary hospitals. Its flagship products are Rhapsody, a cloud-based Practice Information Management System (PIMS), and Boop, a mobile client companion app offering virtual check-in, on-the-go communications, a built-in payment system, and comprehensive wellness plans. The platform is backed by standardized clean data via Petabyte’s proprietary migration technology, The Matcher, which also powers Petabyte Analytics, an enterprise-level analytics platform usable with Rhapsody or as a standalone tool. Founded in 2019 and led by CEO Michael Hyman, the company is based in Bellevue, Washington and maintains additional offices in San Francisco, Cleveland, Naples, and New York. Petabyte intends to use the funds to continue to grow and extend industry partnerships. Petabyte Technology’s flagship product, rhapsody.vet, is a cloud-based enterprise practice management platform designed to help veterinary practices modernize and streamline operations. The platform includes mobile tools, standardized codes and a virtual medical exam to simplify workflows and enable easier transitions to the cloud. Petabyte emphasizes simple design and intuitive usability, supported by robust customer service teams that assist both small clinics and large groups. The company plans to use new funding to accelerate product development and expand its customer service and training capabilities. Leadership highlights include co-founder and CEO Michael Hyman and co-founder and COO Alex Krooglik; Tim Mahlman has joined the board and will act as President. Petabyte says it leverages its team’s experience with large-scale platforms and big data to bring innovations to the veterinary industry. The company has offices in Bellevue, New York, Cleveland, Naples, and San Francisco and positions itself to capture a market where fewer than 10 percent of veterinary practices currently use the cloud.