Veterinary start-up Felmo raises 15 million euros

The Berlin-based start-up has completed its Series B. Among the investors are also real heavy hitters.

Felmo, a Berlin-based startup that finds veterinarians, has raised €15 million in its Series B funding round. The already high-caliber group of investors has now been joined by BurdaPrincipal Investments from Munich, the investment arm of Burda Media. Existing investors are also raising, including Zurich-based VC Redalpine, HV Capital and 468 Capital.

Felmo wants to put the money into expansion, both nationally and internationally the start-up is looking to expand. So far, Felmo arranges home visits from veterinarians in ten German cities via its own app and website. There are no travel costs for the pet owners. The medical services are offered for both dogs and cats.

The start-up was founded in 2019 by Philip Trockels and Lars Giere. Unlike in human medicine, Felmo benefits from the lower legal hurdles in veterinary medicine. For example, the start-up can create a digital health record of the small animals and does not have to deal cumbersomely with health insurance companies. Germans have more than 15 million cats and ten million dogs at home, according to the German Pet Supplies Industry Association.