AlphaPet Ventures, a Munich, Germany-based pet food company, raised €13m in funding.
– Heliad Equity Partners, Venturestars, Reimann Investors and Mountain Partners, which provided a €10m equity investment, and
– Deutsche Handelsbank, which provided up the extra €3m in working capital.
The company will use the funds to continue to expand operations.
Alphapet Ventures provides a wide range of high quality food, accessories and services for dogs, cats, fish and horses. via its brands ePetworld, pets Premium, Katzenland, and Linentausch. At present, the company has a team of more than 70 employees.