
Rockpool backs TrustedHousesitters
Rockpool Investments has acquired a stake in Brighton-based TrustedHousesitters, a house and pet sitting community.
The deal sees Rockpool buy a majority stake in the business, with the current TrustedHousesitters executive team continuing to run the business. The company's founders, Andy Peck and Rachel Martin, each take a non-executive director role.
With the fresh capital, TrustedHousesitters plans to internationalise its site to offer other languages besides English.
Rockpool typically provides equity and loan finance of £3-£12m per investment.
Company
Founded in 2010, TrustedHousesitters is a house and pet sitting community operating in 130 countries. According to the company, it has facilitated more than two million nights of house and pet sitting globally. Its key growth markets are currently in the UK, US, Canada and Australia.
People
Rockpool Investments – Guy Ellis (investment manager).
TrustedHousesitters – Tim Lyons (managing director).
Advisers
Equity – Womble Bond Dickinson (legal); BDO (financial due diligence); Armstrong Consulting (commercial due diligence); Catalysis Advisory (management due diligence); Claritas Tax (tax).
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