# Vet-AI funding: rounds and investors

> Vet-AI has raised $43M across 3 rounds since 2019. Investors include Elmwood Capital and Lupton Fawcett. Every round with its source.

Source: https://millionrounds.com/company/vet-ai (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Vet-AI*

3 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Biotech Healthcare

Raised 2 months ago

Funding summary Updated 26 Oct 2026

**$43M** raised across 3 rounds since 2019, from 3 sources

**$1.3M** Round **$16M** Series B **$26M** Round

- **Latest round:** Round, $26M Aug 2026
- **Step-up i:** 1.7×
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023 2024 2025 2026

**$1.3M** Round

**$16M** Series B

**$26M** Round

- **First round:** Round, $1.3M
- **Biggest round:** $26M
- **Usual gap between rounds:** 4.3 years

## The rounds

- **Aug 2026** Round **$26M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **May 2022** Series B **$16M** No investor was named in the report. Source recorded
- **Mar 2019** Round **$1.3M** *2 new* [Elmwood Capital](https://millionrounds.com/fund/elmwood-capital) Lupton Fawcett Reported by Prolificnorth

## Funding filed with regulators

Vet-AI filed 2 raises, $31M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Aug 2026 **$26M** UK share allotment
- Apr 2022 **$4.5M** UK share allotment

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2019 **Series B** 2022 **Round** 2026 [Elmwood Capital](https://millionrounds.com/fund/elmwood-capital) Lupton Fawcett

## Everyone who backed them

[Elmwood Capital](https://millionrounds.com/fund/elmwood-capital) Investment firm **1** round

Lupton Fawcett no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=vet-ai).

## Quick answers about Vet-AI

### Who invested in Vet-AI?

Vet-AI's investors include Elmwood Capital and Lupton Fawcett.

### How much has Vet-AI raised?

Vet-AI has raised $43M across 3 rounds since 2019.

### When did Vet-AI last raise?

Vet-AI's most recent round, $26M, was in Aug 2026.

### What was Vet-AI's biggest round?

Its most recent round, $26M in Aug 2026, is also its largest on record.

### Who backed Vet-AI first?

Vet-AI's first round on record, in Mar 2019, was backed by Elmwood Capital and Lupton Fawcett.

### What stage is Vet-AI at?

Vet-AI's latest named round is a Series B, in May 2022.

### Where is Vet-AI based?

Vet-AI is based in the United Kingdom.

## Companies like Vet-AI

In the same sector, and raised in the last eighteen months.

[**Coherence Neuro** $55M · Oct 2026](https://millionrounds.com/company/coherence-neuro)[**Marrow** $2.0M · Oct 2026](https://millionrounds.com/company/marrow)[**Cognitive Credit** $64M · Oct 2026](https://millionrounds.com/company/cognitive-credit)[**Opply** $23M · Oct 2026](https://millionrounds.com/company/opply)[**HydRegen** $12M · Oct 2026](https://millionrounds.com/company/hydregen)[**XRlabs** $8.4M · Oct 2026](https://millionrounds.com/company/xrlabs)

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