MedicAnimal.com, a London, UK-based e-commerce company specializing in veterinary and pet retail, received a £5m equity financing.
The round was led by Iris Capital, which joins a group of private investors in the UK and Europe.
The investment will allow the company to grow its e-commerce business on a European scale and develop new sales channels.
MedicAnimal.com currently has a catalogue of over 11,000 products including high quality pet diets, supplements, medicines and accessories. It also offers veterinary prescription medicines, processed by a team of vets and pharmacists. Clients can access advice and assistance from veterinarians, via a live chat function. The web site also publishes news and advice related to animal health and medicine.
MedicAnimal.com was founded in 2007 as a socially responsible alternative in pet health care by Ivan Retzignac, its CEO, and veterinarian Andrew Bucher, its Chief Veterinary Officer.