Veterinary start-up Felmo raises 15 million euros

The Berlin start-up has completed its Series B. The investors include some really big names.

Felmo, a Berlin-based start-up that places veterinarians, has raised 15 million euros in its Series B financing round. The already high-caliber group of investors has now been joined by BurdaPrincipal Investments from Munich, the investment arm of Burda Media. The existing investors, including VC Redalpine from Zurich, HV Capital and 468 Capital, are also increasing their stakes.

Felmo wants to invest the money in expansion, both nationally and internationally. Felmo currently arranges home visits from vets in ten German cities via its own app and website. There are no travel costs for 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 for small animals and does not have to deal with the hassle of billing health insurance companies. Germans have more than 15 million cats and ten million dogs at home, according to the German Pet Supplies Industry Association.