Pet Circle raises $125m to become Australia's latest unicorn
Around 69% of Australian households now own a pet, up from 61% only two years ago as owners finally decided to have a pet during the pandemic.
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Around 69% of Australian households now own a pet, up from 61% only two years ago as owners finally decided to have a pet during the pandemic.
E-commerce store for pet supplies Pet Circle has raised $125 million in Series C funding, valuing the business at more than $1 billion.
A pandemic boom in pet ownership has helped push online retailer Pet Circle to a billion-dollar valuation, after one of the year’s biggest funding rounds.
The winners of the 2021 Smart50 Awards will be announced on December 8 in a special virtual awards ceremony.
The big three - Square Peg, AirTree and Blackbird - are all tipped to raise new funds in 2022, resulting in $2 billion-odd of new capital for local start-ups.