The Careventures fund is joining forces with UNEXO, the Crédit Agricole Group’s investment fund to consolidate the growth of the Qovetia group. Founded in March 2020, Qovetia already has more than 80 veterinarians in France with the ambition of becoming the leading French group of practicing veterinarians with a European vocation.
With more than 6,000 clinics and practices, the French veterinary world is in full mutation, leading to an increasing need for grouping, in order to ensure a better quality of care and a greater flexibility of practices.
The Qovetia group was created in 2020 on the initiative of young veterinarians wishing to develop an ambitious project focused on quality services and an international vision. Supported by Careventures, Qovetia stands out for its European ambition, for the central role played by veterinarians – both in the co-construction of the project and in the collegial management of the clinics and the group.
Eric Souêtre, Partner at Careventures, commented: “Qovetia fits with the values and objectives of our fund, namely, to help young health professionals by financing their project and, above all, by bringing our European experience in build-ups and the management of medical groups.”
Souêtre added that: “We are convinced that Qovetia’s rapid growth will enable veterinary associates to provide quality services while ensuring them a proper professional development and an attractive long-term wealth perspective.”
Edouard Boulan, UNEXO Director of Normandy holdings, communicated: “Our role as an investor within the Crédit Agricole Group is to develop the economy of France’s Grand Ouest by maintaining jobs and decision-making centres in the region. Those are values shared by the Qovetia group which involves veterinarians in its governance.”