The startup, based in Romania, says its customer base in Canada has more than doubled in the past year.
Launching Pet Grooming Software Digital tail is expanding its Toronto center with US$23 million (C$32 million) in Series B funding. The funding will help Digitail expand its veterinary software to more clinics across North America to meet what the company says is the need for digital transformation.
“Our whole goal is to help veterinarians get more information from their data.”
Sebastian Gabor, Digitaltail
US private equity firm Five Elms Capital led the investment round with participation from existing investors including European venture capital firms Atomico, Paris-based Partech, Byfounders and Google subsidiary Gradient. CEO Sebastian Gabor spoke to BetaKit about Series B and Serie A Both rounds included a small number of additional activities for employees who had been with the company from the beginning.
Founded in Romania in 2017, Digitail now has a third of its team based in its new Toronto hub as the company focuses its go-to-market efforts on the growing North American pet care industry, Gabor said in an interview.
Most veterinary clinics in North America use outdated software systems from the 1990s, Gabor said, and Digitail's goal is to transition doctors and pet parents to a better digital experience and make sure clinics aren't bogged down with unnecessary paperwork.
“Our goal is to help them go digital,” he said. “So, speaking in front of as many people as possible [clinics] as much as possible so we can help them go from 15 patients a day to 30 patients a day and also go home once.”
In addition to brick-and-mortar veterinary clinics, Digitail sells mobile clinic solutions, cloud-based solutions for veterinary groups, and tools to help doctors start new practices. Tools and features include inventory management, appointment scheduling, and an app for “pet parents” to track their pet's health and follow-ups.
CONNECTED: Pawsible Ventures seeks opportunities in pet health
The company has also integrated artificial intelligence (AI) tools, allowing AI agents to summarize patient profiles, integrate old medical records, and transcribe visit records. Gabor said Digitail is compliant with the EU's General Data Protection Regulation (GDPR), which governs the use and sharing of data. “Our whole goal is to help veterinarians get more information from their data,” Gabor said.
Digitail's push into North America comes as annual household spending on pets in the U.S. is projected to exceed $1,700 per pet by 2030. Morgan Stanley data. By 2030, these costs could reach US$261 billion, up 113 percent from 2019.
The company has about 70 employees, up from 45 at the beginning of the year. While the company has centers in Romania and London, the new Toronto office will serve as a hub for its North American operations, which have doubled in size over the past year.
Digitail said it serves clinics across Canada, including Quebec, with French-language versions of its software. Last month, the company announced a partnership with the Center for Veterinary Drug Distribution (CDMV), which supplies medications and supplies to veterinary clinics.
The company plans to use the funds to invest in its software product and hire more employees to enter the market. Now that about half of Digitail's demo clients are turning into signed customers, Gabor said he wants to use the funds to reach as many customers as possible. paw-shaped.
Image courtesy of Unsplash. Photo by the author Ayla Verschueren.
