Seek Pet, a Chinese provider of pet food, has raised nearly 500 million yuan ($75 million) in a pre-IPO funding round to build new factories and expand its R&D and product testing facilities.
The new round was led by private equity (PE) firm Boyu Capital and Confitop Capital, an investment platform backed by Shanghai’s state-owned conglomerate Bailian Group. A group of domestic investors including Riverhead Capital, Mango Fund, Sino Pacific Capital, Wuchan Zhongda Group, and GP Capital also participated in the deal.