Pitch Deck Template · Animal Health
Barnaby

We turn the care a vet already recommended into care that actually happens.

StageSeed
Raising$3M
Founded2024
BasedPortland, Oregon
BARNABY
Problem
The exam room

The care gets recommended. Then it gets declined.

52%

Of pet owners have skipped or declined care

Not exotic procedures. Diagnostics, dentistry, preventive work, the things a veterinarian has already looked at an animal and said it needs.

71% of them name cost as the reason.
81%

Of vets say clients got more price-sensitive last year

The estimate is handed over at the end of a consult, as a single number, to someone who has just been told their animal is unwell.

The conversation nobody in the room was trained to have.
$1,700

Is what a household spends on a pet in a year

About a third of it veterinary. A single dental with extractions can equal an entire year of budgeted spend, presented with no warning.

So the answer is no, and the practice never learns why.

Declined care is not lost demand. It is demand that was never given a way to say yes.

Sources: Gallup, US pet owner and veterinarian surveys 2025 and 2026; industry household spend data 2025.
BARNABY
Why now
Why now

Practices have run out of price. They have not run out of demand.

+6.57%
Service prices, 2024 to 2025

Raised across the sector to hold margin against rising costs. The standard response, applied hard.

+5.4%
Revenue over the same period

Less than the price increase. Practices raised prices and did not get the money, because the volume left.

-3.1%
Visits in 2025, wellness visits down 3.8%

The fourth consecutive annual decline, and the discretionary end is falling fastest.

The price lever is spent. The only lever left is converting the care that is already being recommended, and by the sector's own numbers roughly half of it is being declined.

Sources: AVMA and industry pricing and visit-volume reporting, 2025 and 2026.
BARNABY
Solution
Solution

Barnaby changes the question from "can you afford this" to "what would you like to do first".

Three steps, each answering a line on the previous slide.

01 · Present

Show the plan, not the total

Every recommendation becomes a line the owner can see, priced, in the room, on a screen the veterinarian turns around.

Answers: a single number at the end of the consult
02 · Sequence

Split it into now and later

Clinical urgency decides what cannot wait. Everything else moves to a scheduled date, with the reason recorded against it.

Answers: an all-or-nothing decision
03 · Settle

Give the yes somewhere to go

Pay in full, or spread the accepted portion over six months at terms shown in full before anyone agrees to anything.

Answers: no is the only answer available
BARNABY
Product
Product

One screen, turned around.

1

The animal, not the invoice

History, weight, current medication and the presenting complaint sit beside the plan, so the conversation stays clinical.

2

A line the owner can move

Each recommendation is separable and priced. What is clinically urgent is locked. Everything else can be scheduled instead of refused.

3

The owner's side of the screen

What is due today, what it costs monthly if spread, and how likely this plan is to be accepted. The vet sees the same thing the client does.

Live demo · Exam room 2, Thursday

Rufus needs $1,700 of work. His owner budgeted nothing.

Click a line to move it to spring
PatientSeen today
Rufus
Labrador retriever
Age9 years
Weight31.4 kg
Last seen14 months ago
OwnerSelf-pay, no insurance
Grade 3 dental disease with three mobile teeth. A 2cm firm mass on the left flank, first noted by the owner six weeks ago.
Treatment plan6 of 6 today
What the owner seesExam room screen
Due today
$1,700
Full plan, paid at the visit.
Spread over 6 months0% for 6 months, no fee, shown in full
Likelihood this plan is accepted
34%
BARNABY
Market
Market

A $318M beachhead, and the honest path past a billion.

1

US companion-animal practices

Excluding corporate-owned emergency and specialty groups, which buy centrally.

28,400
2

Subscription, per practice

$399 per month, at the low end of what practice software already costs.

$4,788
3

Financing revenue, per practice

5% of financed care, averaging $5,640 a month across our current cohort.

$3,384
4

Total per practice, per year

The blended figure our 38 practices actually run at today.

$8,172
Beachhead, US$318M 28,400 practices at $8,172. Deliberately not inflated: this is a real number, and it is the one we are being funded against.
Adjacent, same problem$1.2B Human dental, where treatment is declined on cost in the same way and where point-of-care financing has already crossed over.
Practice counts from US veterinary industry statistics. Contract values are Barnaby's own pricing and current cohort performance.
BARNABY
Business model
Business model

We get paid a little every month, and more when it works.

Recurring

Subscription

$399
Per practice, per month, whatever the practice size. It sits alongside practice management software rather than replacing it, so nothing has to be ripped out to try it.
Performance

Financed care

5%
Of care the owner chooses to spread, paid by the practice, never by the client. Terms are 0% over six months, disclosed in full on the owner's screen before anything is agreed. We take nothing on care paid in full.
Blended ACV
$8,172
Gross margin
74%
CAC payback
9 months
Net revenue retention
119%
BARNABY
Traction
Traction

Acceptance went from 48% to 71% across the cohort.

71%
Of presented plans accepted, against 48% before Barnaby
$9,400
Of previously declined care recovered per practice per month
$311K
ARR across 38 practices, up from $71K twelve months ago
119%
Net revenue retention, driven by financed share rising inside accounts
Plan acceptance, cohort average
48% baseline
Month 1Month 12 · 71%

Nine of our 38 practices came from other practices telling them. In a profession where owners talk constantly and switch software almost never, that is the only referral number that matters.

BARNABY
Competition
Competition

Everyone solves the payment. Nobody solves the conversation.

OptionWhat it does Where it sitsWhy it does not close the gap
A printed estimateOne number, handed over at checkout Still the default Arrives after the decision has already been framed as yes or no, to someone with no way to compare or stage it.
Pet insuranceReimburses the owner after the fact Bought years earlier, or not at all Useless in the room. The owner still has to pay today, and most pets are uninsured when it matters.
Third-party medical creditFinances the total at checkout After the plan is set Solves the payment for a plan the owner has already mentally refused. It never changes what gets recommended or how.
Practice management softwareRecords, scheduling, invoicing The system of record Built to document what was done, not to shape what gets agreed. The estimate is an output, not a conversation.
BarnabyPresents, stages and settles the plan in the room Beside the vet, during the consult We work on the decision itself, at the only moment it is still open.
Categories described generically. No vendor is named and no affiliation is implied.
BARNABY
Moat
Defensibility

Nobody else knows what gets declined, or why.

1

Every plan records what was offered

Line by line, priced, in a real consult. That much any estimate produces.

2

Every plan records what was taken, deferred or refused

Per line, with what was due that day and whether it was spread. Almost nothing in the sector captures the refusal at line level, because refusal has never been a recorded event.

3

And what came back

Whether the deferred work was ever done, and what it cost when it was. Deferred dentistry that returns as extraction is the loop nobody currently closes.

4

Which makes the presentation itself learnable

Which staging is accepted, at which out-of-pocket, for which procedure, in which local market. A competitor can copy the screen in a quarter. They cannot copy four years of refusals.

The asset is not the payment rail, which anyone can rent. It is a record of what pet owners actually say no to, and at what number they stop saying it.

BARNABY
Go to market
Go to market

Land the independents, because the groups are watching them.

The wedge

Independent practices decide in a week. Groups take a year, then buy what already works.

9
Of 38 came by referral

Practice owners talk

A profession small enough that a practice owner two counties over is a known quantity. Nine of our 38 arrived that way, unprompted and unpaid.

Buying groups and consolidators

They will not pilot an unproven vendor. They will absolutely adopt one their own acquired practices are already paying for and refuse to give up.

Continuing education

Cost conversations are the part of practice nobody was taught. We teach it, with our own cohort data, and the software is what the session runs on.

BARNABY
Team
Team

One of us has had this conversation ten thousand times. The other has built the rail underneath it.

HO

Dr Hana Ozturk

Co-founder and CEO
  • Eleven years in small-animal practice, the last four as medical director of a three-site group.
  • Has personally delivered the estimate that ends the appointment, and watched the animal come back worse.
  • Still consults one day a fortnight, which is where most of our product decisions come from.
MF

Marcus Feld

Co-founder and CTO
  • Seven years building point-of-sale lending and underwriting at a consumer payments company.
  • Shipped the instalment product that a specialty retailer still runs its checkout on.
  • Joined because the hard part here is the conversation, and the financing is the easy half he already knows.

We do not need to be told what happens in an exam room, and we do not need to learn how lending works. That combination is rarer in this category than it sounds.

BARNABY
The ask
The ask

Raising $3M to get to 400 practices and prove the loop closes.

$3M

Seed round, 20 months of runway. Weighted toward clinical and support staffing, because a practice that does not change how it presents plans will not see the acceptance lift and will leave.

What it buys

400 practices, $3.2M ARR, and the first published evidence that staged plans improve completed care rather than only collections.

Engineering

4 hires

40%

Clinical and support

4 hires

28%

Go to market

3 hires

24%

General and admin

8%