12 Pharmacy Secures Series A Funding to Enhance Pet Healthcare Services

Tokyo-based 12 Pharmacy, a company dedicated to providing specialized prescription services for veterinary hospitals, has successfully completed the first close of its Series A funding round. This initiative attracted investments from prominent firms including Global Brain Corporation, Shinhan Venture Investment Co., Ltd., Shizuoka Capital, and Pipon, totaling significant financial support for scaling operations.

About 12 Pharmacy

12 Pharmacy utilizes its own developed online prescription system to facilitate the dispensing of medications for pets, directly delivering precisely prepared pharmaceutical products to pet owners. This innovative service aims at improving the quality of veterinary care and enhancing operational efficiency for animal hospitals. Committed to creating a reassuring environment where pet owners can continue treatment anytime and anywhere, the company is focused on enhancing the sustainable development of animal medicine.

Background and Objectives of Fundraising

Since its inception, 12 Pharmacy has been steadfast in its mission to create a happy world for pets, their owners, and veterinary hospitals. With more than 320 veterinary hospitals across the nation already using its services, the company recognizes that it is still in an investment phase.

Plans for expansion include not only increasing the number of affiliated pharmacies but also developing new dispensing products and enhancing delivery systems. The recent funding will allow 12 Pharmacy to tackle these challenges head-on, ensuring more pets and their owners receive care and happiness.

Investor Insights

Atsushi Tsuji, Global Brain Corporation
The veterinary healthcare landscape is becoming increasingly complex and high-quality, yet pharmacy services remain a substantial burden for hospitals. Thus, streamlining pharmacy operations is vital. 12 Pharmacy has identified these structural challenges early on and has pioneered the model of external pharmacy services in the industry. We value the management's ability to execute and drive the business forward, which influenced our investment decision. We anticipate the company’s efforts to alleviate burdens on veterinary practices and enhance the quality of care will permeate the industry as a whole.

Ryo Ishima, Shizuoka Capital
In Hamamatsu, Shizuoka, where I reside, the number of registered dogs per household is the highest among designated cities. As a dog owner with an elderly dog, I truly cherish our limited time together. 12 Pharmacy, through its dispensing services, is dedicated to crafting precious moments for families with pets. I am committed to supporting 12 Pharmacy’s growth as a shareholder.

Seiya Kitazume, Pipon
Pipon specializes in creating services that automatically generate medical records, which have been successfully implemented not only in medical facilities but also in veterinary clinics. There is significant synergy between Pipon and 12 Pharmacy as both operate in the intersection of pharmaceuticals and animal healthcare. I believe by joining forces, we can create substantial added value as we strive for mutual growth.

Comments from 12 Pharmacy Executives

Genki Ishihara, CEO of 12 Pharmacy
Thanks to the substantial support from our investors, we have reached the first close of our Series A round. The environment surrounding pet healthcare is rapidly evolving, with issues like staff shortages and long wait times for veterinary services becoming more pressing. Our aim is to support veterinary hospitals and safeguard the peace of mind for pet owners. We appreciate your ongoing support.

Akihiro Takeuchi, Director of 12 Pharmacy
It is a true pleasure to receive support from investors passionate about animal welfare. By collaborating closely with veterinary hospitals, we are dedicated to nurturing the health of pets. Our service may be small now, but we are committed to facilitating easier access to veterinary care, ultimately ensuring moments that matter for pets and their families, thereby creating more smiles.