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Iris Capital Lead Investor In MedicAnimal.com For An Expansion Round Of £5m

14 years ago
4619 views

Posted
12th October, 2010 11h10


Iris Capital and MedicAnimal.com are proud to jointly announce a £5 million equity financing for MedicAnimal.com, led by Iris Capital. The equity investment will allow MedicAnimal.com to grow its highly successful e-commerce business, offering a comprehensive selection of veterinary and animal products. As investor, Iris Capital joins a group of private investors in the UK and Europe. The MedicAnimal.com catalogue of over 11,000 products includes high quality pet diets, supplements, medicines and accessories. All major brands are offered, with an emphasis on premium quality products. Also offered are veterinary prescription medicines, processed by MedicAnimal’s team of vets and pharmacists. Clients can locate items using direct search or navigation by brand, animal type, and/or specific condition, and they can access advice and assistance from veterinarians whilst browsing the site, via a live chat function. The site also publishes news and advice related to animal health and medicine. MedicAnimal.com maintains the highest levels of compliance with veterinary medicines regulations, being dually registered with both the Veterinary Medicines Directorate and the Royal Pharmaceutical Society of Great Britain. MedicAnimal.com was founded as a socially responsible alternative in pet health care by Ivan Retzignac, its CEO, and veterinarian Andrew Bucher, its Chief Veterinary Officer. Together, they have already managed to position MedicAnimal.com at the forefront of the British and European online veterinary retail market. Ivan Retzignac, CEO of MedicAnimal.com, said: “MedicAnimal.com was founded to make pet health care widely accessible and effortless, and it does so in collaboration with, and in complement to, the services provided by veterinary doctors. Our growth trend, reaching 15% on a monthly basis, is testament to the clear market need which we are filling.” Alexander Wiedmer at Iris Capital said: “We are very excited to be backing the leading European online animal pharmacy. This is a very rich market with as of yet low online penetration, which affords immense opportunities for MedicAnimal. Our financing will help the company expand on a European scale, and develop new sales channels.” About Iris Capital Iris Capital is a pan-European growth equity investor specialising in media, communication and IT. Since its inception in 1986, the Iris Capital team has invested more than €800 million. Iris Capital targets opportunities in fast-developing service and technology companies seeking growth capital in order to realise their strategy. Iris provides active support to its portfolio companies on the basis of its strong sector specialisation and experience. Based in Paris, the Iris Capital team has invested to date in 18 European countries. For more information on Iris Capital: www.iriscapital.com About MedicAnimal.com MedicAnimal.com is among the largest e-commerce companies in Europe specialized in veterinary and pet retail. MedicAnimal.com aims to offer affordable, high quality pet care direct to consumer, alongside direct access to veterinary advice and expertise. Founded in 2007, MedicAnimal.com is based in London, UK and is already a reference in the pet and veterinary retail world throughout Europe. For more information on MedicAnimal.com: www.MedicAnimal.com

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