Production and launch schedule drives investment Burlington, CT (PRWEB)
Vet Innovations, Inc., a growing new player in technology-based solutions for animal health, announced today that it recently completed a $2 million Series A common stock investment from a strategic international sponsor. Vaupen Financial Advisors, LLC, a Miami, FL―based investment capital advisory firm served as the Company’s financial advisor for the financing. A key driver for this strategic investment is the rapid commercialization of Vet Innovations’ unique and proprietary access-control technology for use in pet feeding and other devices.
“Vet Innovations is on the leading edge of developing new technology to address an enormous unmet need for portion-control in pet feeding applications,” said Hy Vaupen, Managing Partner, Vaupen Financial Advisors.
The funding will support ongoing product development and working capital needs.
“We couldn’t be more thrilled to have secured this significant initial investment. It represents a key achievement for the Vet Innovations team in the overall commercialization of our technology and will enable us to further prepare for launch,” says Bob LaRoche, president and CEO.
About Vet Innovations, Inc.
Vet Innovations is focused on a singular mission: to dramatically improve the lives of pets, pet parents, and their veterinarians through groundbreaking, innovative technology centered on animal wellness. Vet Innovations has developed unique and proprietary technology that controls what pets can and cannot access in their day-to-day living. The system automatically senses and identifies specific pets, enabling them to individually interact with different devices in the world around them. The company’s focus is on robotic-based electromechanical technology that can not only simplify and improve the treatment of pet obesity, but also enhance overall pet wellness. For more information, please visit us at http://vetinnovations.com, follow us on Twitter (@vetinnovations) and LinkedIn, or email us at info(at)vetinnovations(dot)com.
About Vaupen Financial Advisors, LLC
Vaupen Financial Advisors (VFA) is a boutique investment banking firm headquartered in Miami, Florida. VFA provides corporate finance and advisory services to middle-market clients in the United States, Latin America, and the Caribbean. For more information, visit www.vaupenfinancial.com.
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