LONDON | October 8th, 2010 – LD&A advises MedicAnimal in a £5m fundraising. LD&A acted as financial advisor to UK-based MedicAnimal Ltd on an A-round private equity placement of £5,000,000 led by French Iris Capital.
Founded in 2007, MedicAnimal is a fast growth e-commerce operator focused on high-end pet care products reaching over 100 000 customers in Europe. Already selling in 6 countries, this fundraising will allow it to aggressively grow into the continent.
“MedicAnimal thrives in the fast-growing high-end segment of the online pet care market, selling products from medicines down to care accessories and high-end food. It is quite unique in Europe as it offers a full online prescription medicine service in many countries, great attention to quality care, and strong collaborations with pet-related communities and charities. The company is now fully scalable and ready for accelerating growth. Its visionary management will benefit from the backing of Iris, a leading international venture capital investor, and consolidate an online pet care leadership position in Europe” comments Matthieu Rosset, Principal with LD&A.
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Drake Star Partners is a global investment banking firm serving the technology, media and communications sectors (TMC) with offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Geneva, Singapore* and Dubai*. The firm focuses on M&A and corporate finance for its clients worldwide. Drake Star Partners completed over 400 transactions since 2004, 70% of which are cross-border.
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