Otto Provides Boost To Veterinary Telemedicine With $5M Series A
While telemedicine is becoming a “new normal” for humans, Otto has been helping four-legged friends and their owners talk to veterinarians virtually for the past five years.
Enabling it to take its mobile telemedicine application to the next level, the Austin-based company closed a $5 million Series A round of funding Thursday, led by existing investor Mercury Fund, with additional investment by Dundee Venture Capital, Atento Capital, GAN and Urban Capital Network. Otto just raised a $2.3 million seed round in December 2019 to give it a total of $7.3 million in funding since forming in 2015.
“Otto meets a driving need in the veterinary industry, not only for a complete, end-to-end virtual care platform, but for a tool that fundamentally enhances quality of life for veterinarians,” Mercury Fund co-founder and Managing Director Blair Garrou, said in a written statement.