Remember Pets.com? We have always thought that someone was going to do that properly one day.
Many Congrats to Ivan and Andrew who have just announced a £5 million series A funding for MedicAnimal.com, the round was led by Iris Capital. The cash will allow MedicAnimal.com to grow its e-commerce business, offering a comprehensive selection of veterinary and animal products. Iris Capital joins a group of private investors in the UK and Europe.
MedicAnimal.com was founded as a socially responsible alternative in pet health care by Ivan Retzignac, 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.
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 hosts a community for people who want news and advice related to animal health and medicine.
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. We are growing at 15% per month which 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.”