MedicAnimal
| File:Medic Logo.jpg | |
| Company type | Private limited company |
|---|---|
| Industry | Retail |
| Founded | 2007 |
| Headquarters | , |
Area served | Europe |
| Products | Pet healthcare |
| Divisions | Retail |
| Website | Medicanimal Ltd |
MedicAnimal is a London-based online pet healthcare retailer, selling pet products including prescription medicines, pet food and accessories.[1][2]
History
MedicAnimal was founded in 2007 by veterinarian Andrew Bucher and ex-Goldman Sachs broker Ivan Retzignac. It was a latecomer to the market but acquired three of its competitors in the UK between 2010 and 2012 including Pet Supermarket[3] and Petmeds.[4] The private equity firm Iris Capital invested £5m in the company in 2010, followed by Balderton Capital investing £10m in 2012. Its income grew from £1.1m in its first year to £75m in 2013 leading the company to be included in several lists of fastest-growing companies.[5]
The company employs 240 staff which is headquartered in Willesden. Their website is available in 5 languages and 40% of their income comes from France, Germany, the Netherlands and Spain.[5]
References
- ^ Tripathi, Shruti (2013-04-03). "Bow-wow! The £80m London pet business you've never heard of". LondonlovesBusiness.com. Retrieved 2014-03-27.
- ^ Owen, Vicki (2014). "Online sales rocket to £47m for pet drugs provider". The Daily Mail. Retrieved 27 March 2014.
- ^ Lisa Kelly (2012-05-11). "Entrepreneur sells on-line retailer Pet Supermarket". Bdaily Business News. Retrieved 2014-03-27.
- ^ Alex Hawkes (20 August 2012). "Good buy! Founder of Petmeds website sells to rival MedicAnimal for millions". This is Money. Retrieved 2014-03-27.
- ^ a b Kiki Loizou (2014-01-05). "How I Made It: Ivan Retzignac and Andrew Bucher, Founders of MedicAnimal". The Sunday Times. Retrieved 2014-03-27.