- Vetspire has received a significant growth investment from technology-focused investment firm Battery Ventures.
- The veterinary software provider will operate as a standalone company and plans to accelerate product and AI development.
- Healthcare software executive Zachary Seely has joined Vetspire as CEO, while Joe Mazzarella will continue as president.
- Vetspire’s AI-powered practice management platform is used by more than 800 veterinary hospitals and clinics.
- Thrive Pet Healthcare will remain a Vetspire customer but no longer holds an ownership stake in the software company.
Vetspire has secured a growth investment from Battery Ventures as the veterinary practice management software company prepares to expand its artificial intelligence capabilities and operate as a standalone business.
The companies did not disclose the financial terms of the investment.
Vetspire said the new capital will be used to accelerate product innovation and AI development while expanding access to enterprise-level software capabilities for veterinary organizations ranging from independent practices to large, multi-location hospital groups.
Alongside the investment, healthcare software executive Zachary Seely has joined Vetspire as CEO. President Joe Mazzarella will remain with the company’s leadership team, with a continued focus on customer support and experience.
Seely previously served as CEO of FSI, a healthcare facility maintenance software platform serving acute-care facilities across the United States.
“As an independent company, we’ll continue investing in the platform, particularly in AI, to make every clinic and hospital we serve more efficient and more clinically effective,” Seely said.
AI embedded in veterinary practice management
Vetspire’s practice management system combines medical records, scheduling, billing and payments, inventory management, and client communications in a single platform.
The software also incorporates AI tools into veterinary workflows, including an AI scribe, patient summarization and clinical-assistant features. The company says these capabilities are designed to reduce administrative work and allow veterinary professionals to devote more time to patient care.
Vetspire is currently used in more than 800 veterinary hospitals and clinics. Its customers range from single-location practices to larger veterinary organizations, including Thrive Pet Healthcare, Petfolk and Heart + Paw.
Battery Ventures General Partner Chelsea Stoner said the investment firm sees an opportunity for Vetspire to expand among both large veterinary operators and independent clinics.
Battery has previously invested in specialty healthcare electronic health record and practice management companies including Brightree, ClearCare, ContinuumCloud, Curve Dental and WebPT.
Thrive transitions from owner to customer
The transaction also changes Vetspire’s relationship with Thrive Pet Healthcare.
Following the Battery Ventures investment, Thrive will continue using Vetspire across its hospital network as a long-term customer but will no longer have an ownership interest in the software business.
Thrive CEO Tad Stahel said the platform has helped the veterinary organization create greater consistency in clinical and business workflows across its network.
Vetspire said its product, engineering and customer-success teams will continue serving existing customers without interruption. The company plans to use the additional investment to expand its products, customer support and AI development as an independent veterinary technology provider.
Information sourced from the company’s press release.
