with our mysteries, unsustainableAnd the psychological attachment to pets, combined with the surge in pet ownership since those lonely pandemic times, means veterinary practices are under increasing pressure.
pet ownership has Increase (56% to 70% US household penetration over the past 35 years). However, there are not enough vets.
To meet demand, veterinarians are currently need With more than 32 patients seen per day by 2030, on current trends, the US will need nearly 41,000 additional veterinarians.
Like doctors, veterans spend the majority of their day administering it, while old systems are overwhelmed under the weight of their new jobs.
This antiquated industry has become an arena ripe for tech companies. Rhapsody To be acquired by Chewy in the second half of 2022. Vital Acquired by Pathaway/Thrive (Vet Group).and Easy Vet Acquired by Idexx in the first half of 2022.this is just to name a few
The startup has now closed an $11 million Series A round led by Atomico. They join previous investors in Founders, Gradient and Partech. As part of the investment, Atomico principal Andreas Helbig joined Digitail’s board of directors. Allison Pickens (former COO of Gainsight) to join her new fund as an angel new normal.ventures.
Digitail will use the funds to further scale its operations and develop products in the U.S. and Canada.
The SaaS solution combines a practice management platform, a “pet parent” app for pet owners, and a data hub that provides medical and business insights for veterinarians.
It claims that veterinarians can see twice as many patients using the software.
Digitail was founded in 2018 by Sebastian Gabor (CEO) and Ruxandra Pui (CPO), who previously co-founded development studio and IT consultancy ITGambit.
Gabor told me that the company is starting 2022 with $150,000 in ARR and over $1 million in ARR by the end of Q4 2022, with more than 700 animal hospitals around the world using Digitail PIMS daily. He claims there are currently over 1.4 million pet profiles in Digitail in more than 10 countries.
He said he was inspired to create Digital after having to completely restart his dog’s vaccination program following a wrong appointment.
american pet care is estimated It will grow from $118 billion in 2019 to $277 billion by 2030.