Lupa, a platform focused on veterinary services, has successfully secured $4 million in seed funding from several prominent investors including firstminute capital, 2100 Ventures, and Vento by Exor Ventures. The funding round also featured participation from notable industry figures from companies such as McKinsey, BCG, JP Morgan, Nexi, and NovaCapital.
The latest investment will be deployed to accelerate Lupa’s product development and broaden its commercial reach. The platform is designed to address a significant challenge faced by veterinary professionals; it is estimated that veterinarians spend between 10 to 20 hours each week on administrative tasks that potentially could be streamlined through automation.
Lupa's technology, which integrates inputs from engineers who have previously worked at tech giants such as Google, Amazon, and Palantir, offers multiple features. Among its key functionalities are diagnostic suggestions, operational insights, and automated communications with clients. Additionally, the platform includes an AI-powered scribe that facilitates clinical documentation and enhances operational efficiency by streamlining aspects of booking, payment, and communication.
Nicolò Frisiani, co-founder and CEO of Lupa, articulated the urgent need for innovative software solutions within the veterinary sector. In an interview with Tech.eu, Frisiani remarked, "The veterinary industry desperately needs modern software solutions that can help practices handle growing demand while reducing administrative burden on overworked staff. We’ve built Lupa from the ground up to be AI-native, making it dramatically more efficient and easier to use than legacy systems that are holding practices back. Our early results show that practices can save significant time on administration while providing better care." He further clarified that while the platform offers supportive insights, the ultimate treatment decisions remain firmly in the hands of qualified veterinarians.
As part of its growth strategy, Lupa has successfully integrated numerous clinics into its platform and secured an exclusive partnership with Vetsure, the UK's largest vet buying group, which boasts over 1,200 member clinics.
Commenting on the significance of Lupa's offering, Sam Endacott, Partner at Firstminute Capital, stated, "Lupa’s vision of unifying veterinary workflows into a single, powerful platform addresses a critical industry need. With pet ownership at record highs and a growing vet shortage, the timing couldn't be better for a modern, AI-native solution. We're thrilled to be backing this exceptional team on their journey to transform veterinary care."
This funding marks a pivotal moment for Lupa as it aims to modernise the veterinary care landscape through advanced technological integration and automation.
Source: Noah Wire Services