Easyvet lands $7M to provide walk-in veterinary clinics and make pet care more convenient and affordable for millions of pet owners
We all love our pets. However, the cost of pet care has skyrocketed in recent years. Ranging from food to veterinary care, Americans spend about $99 billion a year on all things pet, according to the data from The American Pet Products Association. Now, one pet startup is on a mission to make pet care more convenient and affordable for millions of pet owners.
Today, Easyvet announced it has closed a $7 million Series A funding to offer the nation’s first walk-in veterinary franchise and make basic veterinary care convenient and affordable. The round was led by Relevance Ventures, an early-stage investor based in Nashville, TN, and the only non-tribe affiliated, privately owned, and operated Native American venture capital firm in the United States.
Founded in 2013 by Tim Schoenfelder, the Knoxville, Tennessee-based startup provides basic veterinary care at an affordable price for pet parents and clinic ownership easy for veterinarians and investors. The Easyvet franchise model is transforming veterinary medicine, lowering the costs of quality care for pets, meeting the needs of pet parents and veterinarians, and allowing more vets the freedom to start their own practice.
“We are thrilled to partner with Easyvet, with whom we share many values. We have a deep appreciation for the passion the Easyvet team brings to improving the well-being of pets and people. They have a compelling vision, a disruptive approach, and a suite of services for the fast-growing pet care market. We are proud to support their mission to reshape the veterinary medicine space,” said Cameron Newton, General Partner, Relevance Ventures. “We look forward to joining the Easyvet Board and working with them as they position themselves as industry leaders.”
Since its inception eight years ago, Easyvet has grown to 30 franchisees with plans to open more clinics around the country. With twelve locations open in seven states, Easyvet is rapidly expanding and on track to triple in size by 2022. Leasing and construction is underway for the opening of an additional 27 locations across seven states, including Arizona, Florida, Texas, Georgia, Tennessee, Alabama, and Colorado.
“We are extremely conscientious when it comes to capital, and in particular how it is being deployed to fuel our growth going forward,” said Tim Schoenfelder, Easyvet CEO. “We plan to use this capital to grow our resources, expand new hires, increase learning management tools, focus on ways to improve the veterinary experience and improve technologies that contribute to the success of our franchisees. Relevance stood out as a partner whose values and ‘harmony investing’ aligned well with our approach to improving the wellbeing of pets and their owners. Relevance understands our business and the market opportunity, and they appreciate our prudent approach to reimagining veterinary services.”
Easyvet offers comprehensive wellness exams, core vaccines, parasite screening and prevention, microchipping, flea, tick and heartworm prevention, behavioral and lifestyle counseling, and more to help pets live longer happier lives. In the rare case that a pet needs surgery, Easyvet has nearby partner practices that will perform pet surgeries. By eliminating in-house surgeries from the menu of pet care services, Easyvet can pass on its savings to clients. In addition, Easyvet price checks every local veterinary practice in each market to ensure they are providing clients the most affordable rates and packages.
“Today’s announcement is a meaningful milestone for Easyvet and the veterinary care industry,” said Dr. Christian Cumberbatch, Easyvet Director of Medicine and Franchisee. “With the Series A funding, Easyvet will be able to continue providing exceptional veterinary care as well as meet strategic goals in the next phase of growth.”