Digitail, a platform that automates much of the admin veterinarians spend so much time on, freeing them to devote more resources and attention on providing the best care to pets, today announces the closure of a $11 million Series A funding round.
The round was led by Atomico, who join previous investors byFounders, Gradient, and Partech. Atomico Principal Andreas Helbig joins the Digitail board as part of the investment.
Accelerated by the pandemic, pet ownership across the world is currently booming, with the petcare market estimated to be worth $200 billion currently — and set to grow to over $300 billion by 2030.
Along with this explosive growth in pet ownership comes increasing visits to the vet, for anything from regular checkups and advice to emergency procedures. But veterinarians are struggling to cope with this demand. They are currently treating 30+ pets per day on average, equivalent to one every 15 minutes, which is contributing to capacity constraints and reports of increased burnout amongst staff. Veterinarians are three-and-a-half times more likely to commit suicide than the general population.