We are pleased to welcome Hippo Manager to the RevUp Portfolio. This Lexington, Kentucky-based company is a SaaS practice management platform for veterinarians. Hippo enables vets to manage all aspects of the practice, from medical records and diagnostics to communications with pet owners, in one web or mobile interface. Hippo adds to the basic SaaS subscription by integrating financing, insurance, inventory, and wellness plans into the platform as value-add premium services. This combination makes the vet office more efficient, but also generates more revenue (avg 22% increase) for the practice.
There are over 100,000 veterinarians in a $40B consumer-driven medical care market. But the revolution in medical practice management software served practices for humans, not animals. Federal requirements and incentives drove adoption and innovation in human medical practices, and vets were left behind. Now the vet market is dominated by a few legacy systems that are “add ons” to large vet supply conglomerates. The software is clunky and hard to use - an afterthought. Meanwhile, the veterinary industry has become more dynamic, with a new generation of vets and customers, increased technology usage, increased expectations for customers about pet care, and consolidation in the vet practice industry.
Hippo Manager solves this problem with an easy to use, simple to integrate and affordable solution. As a result, Hippo has a customer base approaching 600 vets in 19 countries, with several industry channel partnerships providing access to thousands more.
2020 is poised to be a big year for Hippo Manager. The RevUp team is thrilled to be part of this exciting company’s next chapter of growth.
About RevUp Capital
RevUp Capital is non-equity investment for companies moving fast up a revenue-driven growth curve. We pair cash investment with support from the RevUp Growth Platform, a science-based and battle-tested approach to accelerating growth. Companies also receive active support from RevUp leadership, an experienced team with more than 130 investments under management.