Animal health company Emollivet raises capital and strengthens its team

GOTHENBURG, Sweden, March 15, 2022 /PRNewswire/ — Emollivet, the animal health company developing animal-friendly skin care products, is raising capital and hiring key people. The new share issue, a rights issue to existing owners, amounts to 5 million Swedish crowns.

The 3rd In March, Emollivet launches its first product: Emollivet COMBI – an antiseptic emollient spray for horses with pastern dermatitis. The company is now announcing that it has raised capital in a financing round of 5 million Swedish crowns with the current owners. The money will be used for the launch and commercialization of COMBI and to accelerate the development of more products for owners of pets with skin problems.

Lipidor AB (publ) (Nasdaq First North Growth Market: LIPI) has decided to subscribe for its share of the issue volume, an investment of 2.92 MSEK. “Emollivet is developing very positively and we see great opportunities in the product segment in which Emollivet operates. The pet care products market is growing strongly and with the product development strategy that Emollivet has identified, we have an exciting time ahead of us,” says Fredrik Sjövall, Chairman of the Board of Lipidor and Emollivet.

At the same time, Emollivet has expanded the team with two key recruitments: Product Manager, Alexandra Kettil and E-commerce Manager, Martin Bjorkman. Alexandra Kettil works with customer interaction to identify upcoming products, regulatory compliance and preparations for introducing new products to market. Martin Björkman will be responsible for setting up and maintaining the e-commerce infrastructure, customer relations and developing Emollivet’s visibility on digital channels. Both Martin and Alexandra have many years of experience in startups and fast growing companies. Recruitment is a strong impetus in the implementation of the company’s strategy.

“We are now taking steps towards the market and will, in close collaboration with customers, develop more products to make everyday life easier for pet owners. I am very pleased with the positive reception that our approach, with the needs of customers and friendliness in focus, receives in the market.For this reason, along with the enhanced confidence we have received from owners in the new share issue, I look forward with great confidence to the business steps we are taking now “says the CEO Stina Linen proudly.

For more information please contact:

Ola HolmlundCEO
Telephone: +46 (0)72 50 70 369
E-mail: [email protected]

Stina LinenCEO, Emollivet AB
Telephone: +46 (0)70 22 47 544
E-mail: [email protected]

Certified Advisor

Erik Penser Bank AB
Telephone: +46 (0)8 463 80 00
E-mail: [email protected]

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