Petlove has announced the closing of their Series D for US$150 MM (See TechCrunch article here), a round led by Riverwood Capital, with participation from SoftBank, L Catterton, Monashees, and IGNIA though an SPV. IGNIA is immensely proud to be part of Petlove’s recent journey. Petlove has had an incredible trajectory in the past years, looking to form the largest pet-care ecosystem in Latin America, a vision that IGNIA stands behind and will continue to support. IGNIA initially invested in Petlove in late 2020 though the Company’s acquisition of DogHero.
Founded in 1999, Petlove has become the leading pet-related e-commerce platform in Brazil, the fourth largest pet market globally. The Company has continued to expand their service offerings, having recently acquired DogHero, Vetus and VetSmart.
Congratulations to the entire Petlove team on this outstanding round. IGNIA is excited to see what the future holds for Petlove.
