Prysm Capital and TDM Growth Partners led a $125m Series C round in Pet Circle.

Financials

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Transaction Value£94m

Consideration TypeCash

Capital Owned-

Capital Bid For-

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Pet Circle

bidder

Prysm Capital

bidder

Tdm Growth Partners

bidder

Airtree Ventures

bidder

Baillie Gifford & Co

Sources

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Tags

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pet supplies

Cross Border

Minority

Private

Australia

Friendly

Acquisition

Private Equity

Specialty Retailers

Single Bidder

Venture Capital

Completed

Synopsis

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Investment firms Prysm Capital and TDM Growth Partners led a $125m Series C round in Pet Circle, an Australian online pet supplies company, with participation from AirTree Ventures and Baillie Gifford. The funding will be used to accelerate growth through improved software for its retail platform, alongside an expanded warehouse footprint, dedicated fleet, and product range.