Brazil's Petlove digs up $150M

Petlove, the Brazil-based operator of an ecommerce platform for pet products and services, has raised a $150 million round led by Riverwood Capital, with participation from others including Tarpon, SoftBank and L Catterton. The company was founded in 1999 under the name PetSuperMarket. The new funding will go toward growing the company's subscription program and expanding its logistics network.