- The transaction values the business at over $100 million.
- TrustedHousesitters is a subscription-based pet-sitting and travel community
- Mayfair plans to support product innovation and marketing initiatives
Mayfair Equity Partners has acquired a majority stake in TrustedHousesitters, a subscription-based pet-sitting and travel business. The transaction values the business at over $100 million.
Rockpool Investments, an existing investor, will exit its stake and reinvest alongside Mayfair.
TrustedHousesitters is a global marketplace that connects pet owners with pet sitters. The company is headquartered in Brighton in England. Since its founding in 2010, the company has grown its operations to more than 140 countries. The business recorded 158 percent year-on-year growth in 2022, supported by a rising pet population, according to a press statement.
“TrustedHousesitters is a unique petcare and travel solution with off-the-chart customer satisfaction scores,” said Kunal Dasgupta, partner at Mayfair Equity Partners. “The company is creating a category by disrupting conventional pet-sitting services and offering a cost-effective alternative to traditional holiday accommodation.”
Mayfair, based in London, is a technology and consumer investor, with assets under management of over £2 billion.