Otto (formerly TeleVet), an Austin, TX-based provider of a customer engagement platform for veterinary clinics, raised $43M in Series B funding.
The round saw participation from existing investors Mercury Fund and Boehringer Ingelheim and new investors Hill’s Pet Nutrition. As part of the transaction, Heath Butler, Venture Partner at Mercury Fund, will join Otto’s Board of Directors, and Nicki Baty, President and General Manager of Hill’s Pet Nutrition US, will join as a Board Observer.
The company intends to use the funds to expand operations and its business reach.
Co-founded by Steven Carter and Price Fallin, and led by CEO Zeynep Young, Otto is a veterinary software company providing practice management system (PIMS) integrations, including Cornerstone, Neo, AVImark, Impromed, eVetPractice, ezyVet, and more. The system will automatically communicate with clinics’ PIMS, ensuring that data is complete and accurate while saving clinic staff time.
Its customer base includes over 8,000 veterinary professionals.
The new name and visual brand reflects its expansion beyond telemedicine into streamlined, comprehensive customer experience.
FinSMEs
31/08/2023