Healthy Pets

Emma Harris of Oakville, Ontario, founder and CEO of Healthypets.io, asked for $125,000 for 20% of her company, an online marketplace connecting pet owners with veterinarians for on-demand video consultations. The platform launched two weeks before the pitch and charges users $20 a month for a subscription with $2 going to the company, or $35 for a one-time consultation with $5 going to the company, while veterinarians pay a licensing fee of $1,000 to $6,000 a year; the platform currently has three vets with 20 more in the pipeline. Emma Harris has invested about $22,000 of her own money, quit her job six months earlier to run the company full-time, is part of the Waterloo Accelerator Centre, and recently received a $40,000 government grant, projecting she could reach 450 vet clinics and $200,000 in monthly recurring revenue within 23 months.

Joe Mimran went out, letting the other dragons pursue the deal. Michael Wekerle went out, believing no investor was needed. Michele Romanow offered $125,000 for 30%, Manjit Minhas offered $125,000 for 20%, and Jim Treliving offered $125,000 for 20% on condition of hiring a full-time employee; all three were declined. Arlene Dickinson and Michele Romanow then jointly offered $125,000 for 25%, which Emma Harris accepted.

Emma Harris secured a $125,000 for 25% deal with Arlene Dickinson for her virtual veterinary consultation platform. Arlene has since invested a total of $500,000 in the company, which now has an office, seven employees, and partnerships with VCA and ten of their clinics in the Greater Toronto Area, with plans to expand across Canada and potentially North America.