# Mixlab

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mixlab

- Industry: Pharmaceuticals
- Headquarters: New York, US
- Website: www.mixlabrx.com
- Total disclosed funding: $37M
- Latest round: Series A (Aug 14, 2023)
- Investors on record: 9

## About

Based in the US, Mixlab, Inc. is a veterinary pharmacy specializing in compounded and over-the-counter medications tailored for pets, emphasizing personalized care to enhance medication compliance among animals.Mixlab, Inc. is a veterinary pharmacy that formulates customized medications for pets. Founded in 2017 in New York, US, by Frederic Dijols and Vinnie Dam, the company has successfully completed four funding rounds. Their latest funding round, a Series A in August 2023, raised USD 10.00 mn from lead investor Vanterra Capital, along with participation from Lakehouse Ventures, bringing the total amount raised to USD 10.00 mn with a current valuation of USD 80.819 mn.Mixlab operates as a comprehensive online veterinary pharmacy, primarily offering compounded, commercial, and over-the-counter medications tailored for animals. Their core products are designed to address a variety of health needs across a diverse range of pets, including dogs, cats, birds, and exotic animals. The company emphasizes personalized care by providing unique formulations and flavoring options to enhance medication compliance among pets, thereby addressing common challenges faced by pet owners in administering medication. Mixlab’s services, which include quick delivery and customer support specific to veterinary needs, cater to pet owners and veterinary clinics throughout all 50 states in the U.S. This broad geographical reach ensures that a wide client base, including veterinarians and pet parents seeking dedicated pharmaceutical services, can access their products promptly and efficiently.Mixlab generates revenue through direct-to-consumer and business-to-business transactions, providing medications directly to pet owners as well as veterinary clinics. The business model incorporates both individual sales of medications and potential partnerships with veterinary practices, allowing for seamless prescription fulfillment. Clients can place orders via an online platform, where they receive updates on their prescriptions and delivery timelines, enhancing the overall customer experience. The company’s revenue streams include the sale of flagship products, such as specialty compounded medications, tailored to meet specific veterinary prescriptions. This transactional structure is supported by a focus on quality service and rapid delivery, contributing to ongoing client retention and satisfaction.In August 2023, Mixlab, Inc. raised USD 10.00 mn in Series A funding led by Vanterra Capital to support business and platform expansion as well as its broad market capabilities. The company plans to launch new products aimed at addressing specific veterinary needs and aims to expand into new geographic markets, though specific regions targeted for this expansion have not been disclosed. The funding will enhance their capacity to develop these new offerings and improve service delivery to clients.

## Funding rounds

- Series A, Aug 14, 2023, $10M — Vanterra Capital, Lakehouse
- Series A, Aug 2, 2021, $18M — Global Founders Capital, Brand Foundry Ventures, Monogram Capital Partners, Lakehouse, Sonoma Brands Capital
- Seed, Jun 6, 2019, $8.5M — Global Founders Capital, Monogram Capital Partners, Mars Petcare, Lakehouse, Joyance Partners, TQ Ventures

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series A
- Monogram Capital Partners (https://capitalatlas.ai/funds/monogram-capital-partners) — Seed, Series A
- Mars Petcare — Seed
- Lakehouse (https://capitalatlas.ai/funds/lakehouse) — Seed, Series A
- Joyance Partners (https://capitalatlas.ai/funds/joyance-partners) — Seed
- TQ Ventures (https://capitalatlas.ai/funds/tq-ventures) — Seed
- Brand Foundry Ventures (https://capitalatlas.ai/funds/brand-foundry-ventures) — Series A
- Sonoma Brands Capital (https://capitalatlas.ai/funds/sonoma-brands-capital) — Series A
- Vanterra Capital — Series A