May 25, 2024

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Petabyte Know-how Closes $15M Collection B Funding Round

BELLEVUE, Clean., September 07, 2021–(Business WIRE)–Petabyte Technology (“Petabyte”), a top veterinary software package enterprise, announced that it has lifted $15 million via a Sequence B Funding Spherical. The funding contains investments from Nationwide Veterinary Associates (“NVA”) (a world-wide veterinary treatment chief), UNAVETS (a European-primarily based veterinary group), Norwest Ventures Associates, Halle Money Management, and Relevance Ventures. The expense is expected to electricity Petabyte’s ongoing growth as effectively as industry partnerships to modernize the veterinary marketplace through advanced software alternatives intended to boost the lives of veterinary groups just about everywhere.

“Petabyte’s mission has normally been to simplify veterinary functions so medical practitioners and their employees can invest far more time caring for pets and their people. About the final couple of a long time, we’ve seriously witnessed that mission turn out to be a truth through our suite of software remedies,” explained Michael Hyman, Co-Founder and Chief Government Officer of Petabyte. “This funding will allow us to collaborate with some of the most progressive marketplace associates to dramatically rework the clinic practical experience by way of technological innovation for the entire veterinary group.”

Petabyte revolutionizes affected person management for veterinary hospitals by way of its suite of software answers. Rhapsody, the cloud-based Apply Data Management Program (PIMS), and Boop, the mobile client companion application, include things like options these as digital check out-in, on-the-go communications, a created-in payment method, and comprehensive wellness programs.

The backbone of rhapsody is clean facts (standardized by Petabyte’s proprietary migration technological innovation, The Matcher) which also powers Petabyte Analytics, an company-level analytics system made use of in tandem with rhapsody or as a standalone software.

By setting up these kinds of progressive aspects into their software, Petabyte streamlines workflows and drastically lowers administrative burdens, enabling hospitals to deliver extraordinary treatment to pets and their family members.

About Petabyte

Started in 2019, Petabyte’s mission is to give veterinary health care practitioners larger comprehension and handle more than their business working with cloud-primarily based technological know-how.

Petabyte is a special business exercise administration option that makes it possible for veterinary practices to run far more successful operations and deliver superior patient veterinary care. Petabyte considers a practice’s needs by offering a solution that emphasizes a easy structure and intuitive usability. It also provides strong buyer support as a result of groups geared up to help veterinary techniques, both equally substantial and little. The enterprise brings collectively distinctive expertise with a long time of knowledge in the veterinary industry and in building cutting-edge technological innovation to produce the most effective practice administration option on the market place.

About NVA

NVA is a primary world wide veterinary neighborhood of 1,200 independently managed veterinary hospitals providing specialty, emergency, and basic medical care and more than 100 pet resorts united in the adore of animals and the men and women who love them. Rooted in a lifestyle of compassion, innovation and collaboration, NVA champions each hospital’s exceptional lifestyle and gives the guidance and options veterinary groups will need to deliver remarkable treatment to animals and their family members. For additional info, visit www.nva.com.

About Norwest Undertaking Associates

Norwest is a primary undertaking and progress equity financial commitment agency handling much more than $9.5 billion in funds. Due to the fact our inception, we have invested in far more than 600 companies and at this time partner with in excess of 160 lively businesses in their undertaking and progress fairness portfolio. The agency invests in early to late phase organizations throughout a large array of sectors with a target on consumer, company, and healthcare. We provide a deep community of connections, running knowledge, and a broad range of impactful solutions to assist CEOs and founders scale their firms. Norwest has workplaces in Palo Alto and San Francisco, with subsidiaries in India and Israel. For far more information and facts, remember to visit www.NVP.com. Follow Norwest on Twitter @NorwestVP.

About UNAVETS

UNAVETS has developed to in excess of 43 methods and a workforce of more than 385 employees throughout Spain and Portugal due to the fact January 2020. UNAVETS’ continued mission is to elevate the regular of healthcare for animals by way of continued expert enhancement and operations. We present methods that join our group real help and collaboration in HR/specialist improvement, operations, IT, advertising/digital, finance and accounting, and amenities/tools administration by way of our corporate team of over 30 folks. In December 2019, UNAVETS was financed with money managed by Oaktree Funds Administration, L.P. (“Oaktree”). Oaktree is a leader among world-wide investors specializing in different investments, handling $140 billion in assets as of September 30, 2020. Oaktree’s main European tactic manages extra than €4.5 billion in assets beneath administration. For much more details, be sure to visit UNAVETS’ website.

About Halle Cash Administration

Halle Cash Administration is a New York-dependent advancement fairness-focused expense agency that supplies money and strategic assistance to corporations in the healthcare, purchaser, and enterprise companies sectors. The firm leverages its substantial expertise, sturdy skilled commun
ity, collaborative frame of mind, and deep comprehension of growth drivers to husband or wife with mission-pushed management groups. For additional information and facts, make sure you pay a visit to Halle’s web-site.

About Relevance Ventures

Relevance Ventures is the only Indigenous American privately owned and operated venture funds company. Relevance Ventures gives strategic venture assistance and guidance to entrepreneurs doing the job to foster harmony whilst providing a constructive communal impression. With more than $115 million less than administration, the agency focuses on alternatives within the well being & wellness and fintech/company software program industries. The firm specializes in determining proven administration teams with a strong business enterprise plan to carry harmony to an addressable market of at the very least $1 billion. Relevance Ventures was started by Cameron and Dean Newton, and is headquartered in Nashville, Tennessee. The firm is at this time actively elevating its fourth fund with a targeted size of $75 million. To learn a lot more, please stop by Relevance Ventures’ website.

Check out supply version on businesswire.com: https://www.businesswire.com/information/dwelling/20210907005289/en/

Contacts

Petabyte
Rachelle Menn
+1 425-362-9747
[email protected]

NVA
Laura Koester
+1 310-292-8431
[email protected]

NVP
Theresa Maloney
+1 415-225-5261
[email protected]

UNAVETS
Jaime Diaz
+34 670 4184 25
[email protected]

Halle Money Management
Dea Park
+1 212-906-4145
[email protected]

Relevance Ventures
Jonathan Zaback
+1 917-293-5047
[email protected]