When was VetSource founded?

VetSource was founded in 2005 and raised its 1st funding round 2 years after it was founded.

Where is VetSource located?

VetSource is headquartered in Portland, United States.

How many employees does VetSource have?

As of Aug 31, 2026, the latest employee count at VetSource is 727.

Is VetSource a funded company?

VetSource is a funded company, having raised a total of $81.2M across 5 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Sep 13, 2007.

When was the latest funding round of VetSource?

VetSource's latest funding was a $***** Series D round on Jun 05, 2018, with participation from 1 investor.

Where does VetSource rank among its competitors?

VetSource ranks 2nd amongst 60 active competitors, of which 6 are funded. It stands 2nd 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 VetSource?

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

VetSource - 2026 Company Profile, Team, Funding & Competitors

Company Details

VetSource is a professional pharmacy provider serving veterinary practices. It offers home delivery solutions along with easy-to-use online tools and business-building, value-added services. The company is headquartered in Portland, it also has it's technology center in Tulsa, with distribution centers in Harrisburg, and Dallas.

Website: vetsource.com
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Key Metrics

Founded Year

2005

Location

Portland, United States

Stage

Acquired

Total Funding

$81.2M in 5 rounds

Latest Funding Round

Series D, Jun 05, 2018, $*****

Investors

Bain Capital Ventures & 5 more

Ranked

2^nd among 60 active competitors

Employee Count

727 as on Aug 31, 2026

Investment & Acquisitions

Vet2Pet & 2 more

Similar Companies

Covetrus & 65 more

Exit Details

Acquired by Mars (May 14, 2021)

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VetSource got acquired by Mars on May 14, 2021.

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

VetSource has raised a total funding of $81.2M over 5 rounds. Its first funding round was on Sep 13, 2007. Its latest funding round was a Series D round on Jun 05, 2018 for $*****. 1 investor participated in its latest round. VetSource has 6 institutional investors.

Here is the list of recent funding rounds of VetSource:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 05, 2018	3796144	Series D	7100163	1366340	9027204	8224634
May 31, 2016	1986559	Series C	5543484	7280127	2913988	9534671
Oct 29, 2015	3645912	Series C	5836522	8124504	1170718	5864921

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View details of VetSource's funding rounds and investors

The founders of VetSource is Thomas Friar.

Here are the details of VetSource's key team members:

Thomas Friar: EVP/Co-Founder of VetSource.

View details of VetSource's Founder profiles and Board Members

VetSource's employee count trend

VetSource has 727 employees as of Aug 26. Here is VetSource's employee count trend over the years:

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

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Covetrus 2010, Portland (United States), Acquired	Provider of practice and prescription management software for veterinary professionals	$292M	Clayton Dubilier & Rice, Hillhouse & 16 others	78/100
2nd	VetSource 2005, Portland (United States), Acquired	Pharmacy provider to veteran industry	$81.2M	HarbourVest Partners, Valspring Capital & 4 others	69/100
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	VetFamily 2013, Stockholm (Sweden), Acquired	Provider of consulting and marketing services for veterinary healthcare providers	-	-	32/100
10th	NerveX 2021, Toronto (Canada), Unfunded	Developer of intelligent neuromodulation devices and AI-powered technologies	-	-	32/100

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VetSource has made 1 investment in Vet2Pet and acquired Vet2Pet and VetSuccess.

Here is the list of these investments and acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
May 05, 2020	Acquisition	Vet2Pet	2013	Durango (United States)
Feb 18, 2019	Investments	Vet2Pet	2013	Durango (United States)
Sep 07, 2018	Acquisition	VetSuccess	2011	Toronto (Canada)