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VetDB wins investment from global biopharma

Charlie Gunningham
Charlie Gunningham
Ross Wyness - Steve Joslyn - ChantelConcei
// // A huge win for the local online vet database company, winning a major new US -based investor

VetDB has snagged an investment from global biopharma MSD Animal Health, a division of Merck & Co Inc, Kenilworth, New Jersey, USA (NYSE: MRK).

MSD Animal Health joins VetDB’s existing investors in VetDB’s third round of seed funding.

VetDB’s uses RFID technology to lock medical information to an animal’s unique microchip, while MSD Animal Health has an impressive portfolio of digital identification products (both readers and microchips). MSD Animal Health also boasts a diverse vaccine portfolio, while VetDB technology has been developed to record and manage accurate vaccination data.

A global leader in veterinary health care, the US-based MSD Animal Health has been bringing forward medicines and vaccines for many of the world’s most challenging diseases over its 130 years history.

Being backed by a company like MSD Animal Health tells us that our new technology – which helps automate important processes like vaccination tracking, pathology testing and data storage – is the future of our industry.

Dr Steve Joslyn, co-Founder of VetDB

The capital from this latest funding round, including the MSD Animal Health investment, will be used to fuel VetDB’s continued growth and the nationwide rollout of its medical technology.

“We’ve already seen the success of this technology when deployed in veterinary practices in Western Australia,” said David Hallas, leader of Sure PetCare, a business unit of MSD Animal Health. “We believe it could significantly improve data accuracy and health-record management, and we look forward to working with VetDB and building on their achievements.”

Originally formed as an idea at a Startup Weekend many years ago, Dr Steve Joslyn has been working away building up the business ever since.

VetDB wins investment from global biopharma
VetDB screenshot.

“It’s a perfect alignment for us, as MSD Animal Health and VetDB are both dedicated to pioneering solutions to improve animal health in farm animals and pets,” he added.

“It’s hard not to see the synergies and the exciting opportunities with this latest investment,” said Dr Joslyn.

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For more information, visit vetdb.com

Read more of the latest news from the startup ecosystem here

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Charlie Gunningham

Charlie Gunningham

Former co-founder aussiehome.com, GM reiwa.com, CEO Business News and Accelerating Commercialisation adviser. Charlie has spent 20+ years in Perth's startup scene, as founder, mentor, adviser, writer and investor. There's nothing he likes more than helping early stage tech startups ... and drinking coffee, shiraz or playing in a blues band. Email Charlie here.
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