Truro-based, Aegis Veterinary Technology (Aegis), a business providing tech solutions in the large animal veterinary sector, is the latest company to receive funding from the Cornwall and Isles of Scilly Investment Fund (CIOSIF).
Aegis has received a £125k CIOSIF equity investment as part of a £250k fundraising round, which includes £95k from SFC Capital. The funding will enable the company to further commercialise the business and recruit additional team members over the next three years.
The large animal veterinary sector has shown strong growth and clinical innovation over the last few decades, but the way vets handle their workflow and records has remained mostly unchanged. Staff rely heavily on paper notes and directions when trying to locate rural premises and fields, resulting in wasted time and frustrated clients.
To transform the situation Aegis has developed a platform called ArriVet, which provides highly accurate, artificial intelligence-enabled location information and keeps the client up-to-date on where their vet is, and when they will arrive.
Iain Brunt, founder of Aegis Veterinary Technology, said: “Being veterinary practitioners ourselves, our management team know too well the frustrations that come with working on the mobile side of the sector. This drove us to develop digital tools to support vets by making their behind-the-scenes processes much more efficient.
“By reducing the amount of admin vets have to do on the road we can increase focus on the clinical case which creates a better outcome for everyone. Our thanks to Anna and The FSE Group for helping us to secure this funding which will help us expand our team and advance our offering.”
CIOSIF is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020.