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AVet Health closes oversubscribed pre-IPO round

Anthony Macdonald, Yolanda Redrup and Kanika Sood
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Generic branded veterinary pharmaceuticals company AVet Health has banked $5 million in an oversubscribed pre-IPO funding round.

The company, which owns the brand Wagg & Purr, had initially been planning to raise $3 million at a pre-money valuation of $10 million.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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Original URL: https://www.afr.com/street-talk/avet-health-closes-oversubscribed-pre-ipo-round-20210917-p58sk2