VetFamily AB
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VetFamily AB - overview
Established
2000
Location
Stockholm, -, Sweden
Primary Industry
Business Support Services
About
VetFamily AB is a collaborative platform designed to enhance the operational efficiency and profitability of independent veterinary clinics and animal hospitals through tailored membership services. Founded in 2000 in Stockholm, Sweden, VetFamily AB focuses on providing specialized services to independent veterinary clinics and animal hospitals. The company underwent a strategic pivot when it was acquired by Fidelio Capital from AniCura AB in February 2019. The leadership is spearheaded by CEOs Alireza Tajbakhsh and Annette Bernth.
As of now, the company has completed a total of 1 deal since its inception, with its most recent deal occurring on February 13, 2019. VetFamily offers a comprehensive membership program that provides veterinary clinics and animal hospitals access to negotiated supplier contracts, networking opportunities, and educational resources. By managing supplier negotiations, VetFamily allows members to focus more on clinical operations and animal care while participating in events that foster collaboration and community within the veterinary sector. In the most recent financial year (2024), VetFamily reported a revenue of USD 1.
82 mn and an EBITDA of USD 153,924. The revenue model is primarily driven by membership fees, which grant clinics access to various services designed to enhance their operational capabilities and reduce costs through collective purchasing power. Looking ahead, VetFamily AB aims to introduce new products tailored for the veterinary sector, with planned launches in the upcoming year. The company is also targeting expansion into additional European markets, although specific regions and timelines have yet to be disclosed.
The funding from the deal with Fidelio Capital will be strategically utilized to support these expansion initiatives and product development efforts, enhancing the company's service offerings to its members.
Current Investors
Fidelio Capital
Primary Industry
Business Support Services
Sub Industries
Business Support Services, Market Research & Consulting, Education & Training Services, Web Development
Website
www.vetfamily.se
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
VetFamily AB - timeline of key events
VetFamily AB - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,097,000 | 5,555,000 | 7,357,964 | 8,584,481 | 9,024,543 | 11,446,498 | 11,605,158 | 10,823,495 | - | - | - |
| % Revenue Growth (YoY) | - | 406.4% | 32.5% | 16.7% | 5.1% | 26.8% | 1.4% | (6.7%) | - | - | - |
| EBITDA (USD) | (1,360,000) | 617,000 | 3,414,375 | 3,778,327 | 4,673,370 | 5,051,958 | 542,432 | 1,838,866 | - | - | - |
| Operating Income (USD) | (1,360,000) | 617,000 | 3,414,375 | 3,778,327 | 4,661,552 | 5,027,477 | 503,048 | 1,791,145 | - | - | - |
| Operating Margin | (124.0%) | 11.1% | 46.4% | 44.0% | 51.7% | 43.9% | 4.3% | 16.5% | - | - | - |
| % EBITDA Margin | (124.0%) | 11.1% | 46.4% | 44.0% | 51.8% | 44.1% | 4.7% | 17.0% | - | - | - |
| NET Income (USD) | (1,061,000) | 1,067,000 | 3,067 | 3,571 | 5,601 | 44,783 | 330,583 | 1,017,021 | - | - | - |
| % Net Margin | (96.7%) | 19.2% | 0.0% | 0.0% | 0.1% | 0.4% | 2.8% | 9.4% | - | - | - |
VetFamily AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | VetFamily AB | - |
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VetFamily AB - employee data
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