Six-figure investment for Leeds-based veterinary R&D startup

Veterinary research and development startup Vet-AI is driving its plans to revolutionise the global pet market with a six-figure investment.

The Leeds-based company has raised nearly £1m from from several key stakeholders to further the growth and development of new technologies, including solutions that support vets and give pet owners easier access to more affordable animal healthcare.

Vet-AI was founded last year by entrepreneur Paul Hallett, whose background is in tech, and veterinarian Robert Dawson.

Co-founder Robert said: “I’m passionate about improving the care of pets and all animals around the world.

“I have been hugely fortunate to have had the opportunity to treat thousands of wonderful animals and to meet their parents during 25 years as a vet and this investment is an opportunity to build a business which will enable the same for millions of pets across the globe.”

Robert has invested £500k in the business, while law firm Lupton Fawcett LLP and brand design consultancy Elmwood have both invested for a minority stake.

Elmwood’s Jonathan Sands OBE, chairman of Vet-AI, commented: “This is a hugely exciting venture and one that I believe will transform the future of the veterinary industry.

“I can see a huge upside, both in improving the work life balance for vets themselves, whilst at the same time making pet care more expedient, more convenient and better value for every family with a pet. It is a very exciting proposition and I am delighted to be involved.”

He continued: “We get asked on a regular basis to support startups of all shapes and sizes and so we have to be quite selective. However, Vet AI was an easy decision, as the business model is so compelling, and even before launch the project is attracting so much excitement and interest from all corners of the industry.”

Vet-AI is launching its flagship pet care app, Joii, in May 2019.