Equine MediRecord has closed an investment with the Chicago-based private equity firm Merit Holdings for an undisclosed eight-figure amount to drive adoption of its equine welfare and anti-doping platform in Europe, North America and the Middle East, the company announced early Thursday morning. A plan is also in the works to expand the equine technology company's growth and operations team. The investment comes from Merit Holdings through their Inova Group Holdings platform, which also previously acquired Business Infusions, the largest equine veterinary software group in the world.
“It's great to be supported by Inova Group and Business Infusions and that they believe in our goal to promote equine welfare and anti-doping best practices by driving adoption of our Equine MediRecord platform',” said Pierce Dargan, who founded the company with Simon Hillary and Finlay Dargan in 2016. “This funding will help us bring our platform to more horse farms and equine events ensuring equine welfare best practices are being adopted in Europe, North America, the Middle East and beyond.”
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