Forward Dimension Capital have announced its 100% acquisition of MedicAnimal. The gain comes at the end of a period of significant growth for the online veterinary retailer.
Founded in October 2007, the online pet healthcare supplier has been listed 11th in the ‘Top 100 Tech Track’ of The Sunday Times, 15th in the Deloitte UK ‘Technology Fast 50’, and featured in the Red Herring ‘Top 100 Companies’.
The online brand, which stocks a comprehensive catalogue of pet products ranging from prescription medicines to premium quality pet foods and accessories, has challenged the status quo of the pet healthcare market.
Founded by Ivan Retzignac and Andrew Bucher, MedicAnimal have previously acquired a number of competitors and will now work collaboratively with Forward Dimension Capital to continually grow the business and expand its customer base across the UK and Europe.
Forward Dimension Capital partner, David Rigby, will join the MedicAnimal board as Executive Chairman. He is already an active member of a number of boards including Chairman of Forward3D, Rare Television and Factory Media.
Ivan Retzignac, of MedicAnimal, said: “We are delighted to have the support of Forward Dimension Capital as we enter the next phase of our development. They have a strong track record of working with businesses that have undergone significant growth and we are looking forward to working collaboratively with David and his team as we continue to develop MedicAnimal’s proposition, placing our customers at the centre of everything we do.”
David Rigby, of Forward Dimension Capital, commented: “We are very excited about working with MedicAnimal. The business has grown rapidly over the last few years to become a major player in the online pet healthcare market, and the management and founders have built a business with loyal customers, a great team and strong brand awareness.