When was Covetrus founded?

Covetrus was founded in 2010 and raised its 1st funding round 2 years after it was founded.

Where is Covetrus located?

Covetrus is headquartered in Portland, United States.

How many employees does Covetrus have?

As of Sep 30, 2026, the latest employee count at Covetrus is 2515.

Is Covetrus a funded company?

Covetrus is a funded company, having raised a total of $292M across 7 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 06, 2012.

When was the latest funding round of Covetrus?

Covetrus' latest funding was a $***** Post IPO round on Apr 30, 2020, with participation from 1 investor.

What is the annual revenue of Covetrus?

Annual revenue of Covetrus is more than $1B as on Dec 31, 2021

Where does Covetrus rank among its competitors?

Covetrus ranks 2nd amongst 65 active competitors, of which 6 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Dodo, which secured $500K in Jan, 2024.

Who are the top competitors of Covetrus?

Covetrus' top competitors include VetSource, Nordhealth and Woorien. Among them, Dodo secured the most recent funding round in January, 2024.

Covetrus - 2026 Company Profile, Team, Funding, Competitors & Financials

Covetrus is an acquired company based in Portland (United States), founded in 2010 by Benjamin Shaw. It operates as a Provider of practice and prescription management software for veterinary professionals. Covetrus has raised $292M in funding from investors like Clayton Dubilier & Rice, Polaris Partners and HLM Venture Partners. The company has 65 active competitors, including 6 funded and 10 that have exited. Its top competitors include companies like VetSource, Nordhealth and Woorien.

Company Details

Provider of practice and prescription management software for veterinary professionals. The company offers veterinary software systems including RxWorks and VisionVPM to optimize practice revenue and streamline processes and workflows. Also, offers integrated software and hardware solutions.

Website: covetrus.com
Social
Email ID: *****@covetrus.com
Phone Number: +1 **********

Key Metrics

Founded Year

2010

Location

Portland, United States

Stage

Acquired

Total Funding

$292M in 7 rounds

Latest Funding Round

Post IPO, Apr 30, 2020, $*****

Investors

Clayton Dubilier & Rice & 17 more

Ranked

2^nd among 65 active competitors

Annual Revenue

$1B+ as on Dec 31, 2021

Employee Count

2,515 as on Sep 30, 2026

Investment & Acquisitions

MWIAH & 4 more

Similar Companies

VetSource & 70 more

Exit Details

Acquired by Clayton Dubilier & Rice (May 25, 2022)

View Covetrus' full profile

Covetrus is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
COVETRUS, INC. CIN: 1752836 , United States, Active	Sep 13, 2018	$1B+ (As on Dec 31, 2021)	3078 (As on Dec 31, 2023)	-
DIRECT VET MARKETING, INC. CIN: 27-2669147 , United States, Active	Sep 16, 2009	-	1160 (As on Dec 31, 2019)	-

Covetrus got acquired by Clayton Dubilier & Rice and TPG on May 25, 2022.

Click here to take a look at Covetrus's acquisition in detail

Covetrus has raised a total funding of $292M over 7 rounds. Its first funding round was on May 06, 2012. Its latest funding round was a Post IPO round on Apr 30, 2020 for $*****. 1 investor participated in its latest round. Covetrus has 17 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Covetrus:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 30, 2020	1087651	Post IPO	4842141	7008036	9224618	8091179
Feb 20, 2019	1438189	Post IPO	1194007	4385264	2645129	8990432
Jul 21, 2017	5695298	Series C	9121421	8833943	Clayton Dubilier & Rice & 1 more	Viking Global Investors & 3 more

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View details of Covetrus's funding rounds and investors

The founders of Covetrus is Benjamin Shaw.

Here are the details of Covetrus' key team members:

Benjamin Shaw: Former Co-Founder of Covetrus.
Contact Info: 1 email address

Covetrus' Board of Directors

Covetrus's board has 19 active members. David Shaw, Benjamin Shaw, Sarah Kim, Betsy Atkins, Ravi Sachdev, Kerry Muse, Philip Ferneau, Benjamin J. Shaw, David E. Shaw, Kevin Bitterman, Edward Cahill, Terrence McGuire, Ravi Sadchev, Paul Bergkamp, Yumin Choi, Edward McNamara, Philip J. Ferneau, Sara Kim and Sean Carney are independent board members.

Here is the list of Covetrus' board of directors:

Name	Type	Representing	Status	Duration
David Shaw	Independent board member	-	Current	16y 3m
fwsosgj	Independent board member	-	Current	7y 1m
yyvsisw	Independent board member	-	Current	2y 2m
xvltjib	Independent board member	-	Current	5y 8m
pcmtddp	Independent board member	-	Current	8y 3m
nzajpsv	Independent board member	-	Current	6y 8m
uafcgag	Independent board member	-	Current	3y 6m
thvrqpu	Independent board member	-	Current	8y 1m
pjngodl	Independent board member	-	Current	3y 6m
qqgvdlr	Independent board member	-	Current	3y 6m
mstwuko	Independent board member	-	Current	6y 4m
fgziueh	Independent board member	-	Current	8y 5m
ptpsozq	Independent board member	-	Current	5y 3m
ntixqem	Independent board member	-	Current	4y 7m
vdpxryk	Independent board member	-	Current	1y 9m
vflbdb{	Independent board member	-	Current	9y 2m
m{efexb	Independent board member	-	Current	2y 7m
dzqm{ej	Independent board member	-	Current	3y 9m
v{swpw{	Independent board member	-	Current	7y 7m

View details of Covetrus's Founder profiles and Board Members

Covetrus' employee count trend

Covetrus has 2,515 employees as of Sep 26. Here is Covetrus's employee count trend over the years:

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Top competitors of Covetrus include VetSource, Nordhealth and Woorien. Here is the list of Top 10 competitors of Covetrus, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	VetSource 2005, Portland (United States), Acquired	Pharmacy provider to veteran industry	$81.2M	Bain Capital Ventures, HarbourVest Partners ... & 4 others	78/100
2nd	Covetrus 2010, Portland (United States), Acquired	Provider of practice and prescription management software for veterinary professionals	$292M	Rock Springs Capital, Hillhouse & 16 others	75/100
3rd	Nordhealth 2001, Espoo (Finland), Public	Provider of cloud-based software for veterinary healthcare providers	-	-	52/100
4th	Woorien 2011, Hwaseong (South Korea), Series A	Provider of veterinary management and diagnostic solutions	$8.43M	Murex Partners	41/100
5th	Blue Rabbit 2021, Portland (United States), Series B	Provider of the compliance management solution for veterinary practice	$28.2M	F-Prime Capital, HLM Venture Partners & 1 others	40/100
6th	Mascotte Health 2023, Miami (United States), Seed	Tech-enabled veterinary practice operator provides virtual triage	$1.2M	Nuwa Capital, Globivest & 2 others	35/100
7th	TOPAZ Technologies 1979, Pflugerville (United States), Acquired	Animal and clinical research software	-	Woodside Fund, Volaris Group	35/100
8th	Dodo 2024, San Francisco (United States), Seed	Provider of an artificial intelligence-based platform for healthcare practices	$500K	Y Combinator	33/100
9th	RemoteVet.ai 2019, Adelaide (Australia), Unfunded	AI-powered platform that provides early disease detection and prevention in livestock	-	-	33/100
10th	VetFamily 2013, Stockholm (Sweden), Acquired	Provider of consulting and marketing services for veterinary healthcare providers	-	-	33/100

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Covetrus has made 1 investments in companies including Veterinary Study Groups. Covetrus has also acquired 4 companies including MWIAH and AppointMaster.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 24, 2026	Acquisition	MWIAH	1976	Boise (United States)
Nov 04, 2021	Acquisition	AppointMaster	2008	Great Falls (United States)
Jun 30, 2021	Acquisition	Vcp.net	1997	-