Funding profile · Veterinary care delivery
VetPronto
A Y Combinator company that could not raise an institutional round and went to the crowd instead. Three Regulation Crowdfunding filings, one portal total, one acquisition below what the buyer had just raised, and a revenue line reported as zero.
Data as of September 23, 2026. Company-reported figures are labeled.
Rounds at a glance
| When | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 2014 | Bootstrapped, then friends and family | Not disclosed | Founders, friends and family | TechCrunch |
| Winter 2015 | Y Combinator W15 | Not disclosed | Y Combinator | TechCrunch |
| Before 2016 | Milestone the pitch page calls a seed round | $500,000 | Not named | Company-stated |
| Sep to Nov 2016 | Regulation Crowdfunding, SAFEs at $1.00 | $50,000 min, $1,000,000 max | Wefunder Portal LLC | Form C |
| Closed | Same offering, per the portal | $362,718 | 636 investors | Portal-stated |
| By Nov 2017 | Cumulative capital raised | About $1.3M | Not itemized | TechCrunch |
| Nov 2, 2017 | Acquired by Vetted PetCare | Undisclosed, cash below $3.3M plus equity | Vetted, backed by Amplify LA, Sterling.VC, Foundation Capital | TechCrunch |
What the filings show
VetPronto – Mobile Veterinarians Inc. · Form C · filed Sep 9, 2016
- Security
- SAFE, $1.00 per unit, 50,000 units
- Offered
- $50,000 minimum, $1,000,000 maximum
- Deadline
- March 8, 2017
- Portal
- Wefunder Portal LLC, CIK 0001670254, CRD 283503, 3.0 percent of a successful raise
- Employees
- 7
- FY2015
- Assets $266,801 · cash $260,071 · revenue $0.00 · COGS $435,194 · net loss $602,419
- FY2014
- Assets $85,834 · revenue $0.00 · COGS $23,760 · net loss $13,510
- Related persons
- Joe Waltman (CEO); Soren Berg (co-founder)
- Filing
- SEC EDGAR, CIK 0001681978, Delaware, May 21, 2014
Form C/A · filed Nov 3, 2016
- Change
- “Changed deadline date to November 10th and include updated business plan and transcripts for video.”
- New deadline
- November 10, 2016, four months earlier than the original
- Terms
- Unchanged
- Related persons
- Soren Berg (CTO)
- File number
- 020-22988
Form C-AR · filed May 2, 2017
- Period
- Fiscal year ended December 31, 2016
- Employees
- 7
- FY2016
- Assets $340,375.54 · cash $332,798 · revenue $0.00 · COGS $728,722 · net loss $398,861
- Related persons
- Joe Waltman (CEO); Katherine van Ekert (COO)
- Filing
- SEC EDGAR, CIK 0001681978
Reading the filings
- The average check was about $570.$362,718 across 636 investors divides to $570.31 each. That is a retail crowd, not a syndicate. Vetted raised $3.3 million from named venture firms in the same period, roughly nine times VetPronto’s entire crowdfunding total.
- The offering closed early, not late.The September 2016 Form C set a deadline of March 8, 2017. The November 3, 2016 amendment moved it to November 10, 2016, pulling it in by four months mid-raise. Reg CF permits an earlier close with notice, so the move is legal; it is also the opposite of what an offering with momentum does.
- Revenue is reported as zero in all three years.Every filing reports $0.00 of revenue for 2014, 2015 and 2016 while reporting cost of goods sold of $23,760, $435,194 and $728,722. The offering page advertised 35 percent gross margins, 15 percent compounded monthly revenue growth and 3,500 customers. The likeliest reading is that revenue was entered in the cost of goods sold field. No amendment corrected it.
- Losses narrowed while cash rose.Net loss fell 34 percent, from $602,419 to $398,861, and year end cash rose from $260,071 to $332,798. The crowdfunding money closed inside that window, so the cash line reflects the raise more than operations.
- The required follow-on filings are missing.One annual report, for 2016. No Form C-U progress update and no Form C-TR terminating the reporting obligation, even after the November 2017 acquisition. The EDGAR file simply stops.
- No Form D was ever filed.A records pull on September 23, 2026 found no Form D under the company name and no Regulation D vehicle formed around it. The earlier money, including the $500,000 seed the pitch page claims, either moved under Section 4(a)(2) or was never noticed. The founder’s account fits: he wrote that they never convinced a professional investor to take a significant stake or sit on the board, and no outside director appears on any filing.
Commercial signals
| Signal | Detail | Source type |
|---|---|---|
| Pricing | $129 per house call in Jan 2015, plus $99 diagnostics and $25 vaccines capped at $60. A flat $150 per call by Dec 2016. Veterinarians paid a flat $100 per call. | Independent |
| Scale | Over 300 appointments by Jan 2015. 3,500 customers and 50 plus veterinary professionals in two markets by the 2016 offering. About 10,000 combined customers after the acquisition. | Company and portal |
| Footprint | Fifteen metros listed at the sale. Co-founder van Ekert later recalled 13 states at peak. | Accounts differ |
| Regulation | California Business and Professions Code 4853 requires premises registration under a responsible licensee manager and does not authorize a non-veterinary corporation to furnish veterinary services. | Public record |
| Exit | Acquired Nov 2, 2017. The buyer shut down in late Feb 2020. The founder called the outcome “not a happy ending for shareholders or founders” in May 2020. | Independent |
| Clinical evidence | No FDA record, trial, NIH or NSF award, or indexed paper. | Not found |
What to watch
- Nothing further from this issuer. The EDGAR file has been static since May 2017.
- Whether the 636 Wefunder investors were ever told what their SAFEs became. No Form C-U or C-TR was filed.
- Capital in the category since: The Vets raised $40 million in January 2022, merged with BetterVet in October 2024, and canceled all appointments on July 21, 2025. HomewardVet closed on April 30, 2026.
- Bond Vet raised $170 million from Warburg Pincus in October 2021 and merged with Small Door in July 2026.
The VetPronto story on Healthcare DiscoveryHealthcare Discovery
Related companies
Sources
- Public recordForm C, VetPronto – Mobile Veterinarians Inc., CIK 0001681978
- Public recordForm C/A
- Public recordForm C-AR, fiscal 2016
- Public recordBusiness and Professions Code section 4853
- IndependentVetted buys VetPronto in yet more on-demand consolidation
- IndependentVetPronto Brings Veterinary House Calls To San Francisco
- IndependentVetPronto wants to make it easier to care for your pets
- IndependentVetted Shuts Down
- IndependentThe Vets cancels all appointments amid apparent closure
- IndependentHomewardVet closes, only seven months after launch
- CompanyVetPronto offering page and pitch
- FounderVetPronto is being euthanized
Compiled from SEC and other public records and published reports as of September 23, 2026. Form C notices report offerings under Regulation Crowdfunding; amounts reflect the filing date and the portal’s own reporting. Healthcare Venture Capital Fund holds no position in VetPronto. This page is not an offer to sell or a recommendation to buy any security.
