Vidivet has continued its fundraising rounds, securing a further 6-figure investment, from a specialist artificial intelligence fund.
The Liverpool pet-tech company has received the backing from fund:AI, which is managed by River Capital.
The start-up was founded in 2020 by vet, Ben Sweeney and now employs a team of 60 staff, including a global network of vets, who all work remotely.
As well as the capital investment, fund:AI will support Vidivet with AI expertise.
“Raising investment can be hard and many founders inevitably find it difficult to select the right partner to pursue their vision. From early meetings with the team at River Capital, it was clear that they not only understood what we have now but where we are going – which is of course critical,” said Sweeney.
“We live in a time where people are excited but also fearful of AI so it is lovely to be able to share our journey with pet owners and to utilise AI and machine learning to fuel our learnings and evolution as a company.”
Vidivet offers pet owners immediate access to a UK-registered vet 24 hours a day. It’s also growing its B2B client list, including pet insurance.
“We are delighted to support Ben and the team and are impressed with the work in building out a highly sophisticated technology platform and a strong client list. Ben is a great guy to work with too, his energy is infectious and he is genuinely open to our expert operational support,” added fund:AI Investment Director David Walters.
“Growth in the sector is strong and we look forward to supporting Vidivet to further diversify their B2B customer base.
“Health-tech is an area that will benefit greatly through AI innovation and we see a real opportunity for the company to go on a high growth journey over the coming years supported by deep learning projects with specialist veterinary health innovation facilities and pharmaceutical partners. “
fund:AI was set up in 2022 and is the North of England’s first dedicated AI fund. It’s managed out of River Capital’s Liverpool head office.
