CompaniesBiotech & healthCarus Animal Health Limited
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Company intelligence · Prepared from public filings

Carus Animal Health Limited

ACTIVENo. 10684797Incorporated 22 Mar 2017Stevenageanimal health products
Register data as of 27 Aug 2026
43 filings read · view all sources ↓
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Raised, filed rounds
£41.1m
Priced rounds
30
Peak step-up
Peak implied valuation
£42.0m
Last allotment
Oct 2025
Exhibit 1

Implied valuation at each priced allotment, 2017 to 2025

Implied post-money, GBP · price per share beneath each point · from SH01 filings
£100£1k£10k£100k£1.0m£10.0m201720192021202320257 Jun 2017: £100 implied post-money at £1.00 per share17 Jul 2018: £1.8m implied post-money at £1.00 per share25 Sept 2018: £3.1m implied post-money at £1.00 per share2 Aug 2019: £9.1m implied post-money at £1.00 per share27 Dec 2019: £9.6m implied post-money at £1.00 per share25 Feb 2020: £10.2m implied post-money at £1.00 per share30 Mar 2020: £10.9m implied post-money at £1.00 per share23 Oct 2020: £12.8m implied post-money at £1.00 per share8 Feb 2021: £13.6m implied post-money at £1.00 per share15 Apr 2021: £14.2m implied post-money at £1.00 per share30 Jun 2021: £15.5m implied post-money at £1.00 per share15 Sept 2021: £16.7m implied post-money at £1.00 per share26 Oct 2021: £15.9m implied post-money at £1.00 per share12 Jan 2022: £17.6m implied post-money at £1.00 per share29 Mar 2022: £18.9m implied post-money at £1.00 per share28 Jun 2022: £20.5m implied post-money at £1.00 per share13 Sept 2022: £21.7m implied post-money at £1.00 per share9 Nov 2022: £23.5m implied post-money at £1.00 per share23 Dec 2022: £24.2m implied post-money at £1.00 per share30 Mar 2023: £25.7m implied post-money at £1.00 per share5 Jul 2023: £32.1m implied post-money at £1.00 per share4 Oct 2023: £27.3m implied post-money at £1.00 per share5 Jan 2024: £27.3m implied post-money at £1.00 per share10 Apr 2024: £27.3m implied post-money at £1.00 per share19 Jul 2024: £34.7m implied post-money at £1.00 per share11 Oct 2024: £35.8m implied post-money at £1.00 per share17 Jan 2025: £36.8m implied post-money at £1.00 per share11 Apr 2025: £38.0m implied post-money at £1.00 per share4 Jul 2025: £40.4m implied post-money at £1.00 per share15 Oct 2025: £42.0m implied post-money at £1.00 per share£100£1.00/sh£1.8m£1.00/sh£9.1m£1.00/sh£12.8m£1.00/sh£16.7m£1.00/sh£21.7m£1.00/sh£27.3m£1.00/sh£35.8m£1.00/sh£42.0m£1.00/shValuation reads 15% lower on the filed share count; the price did not fall
Source: Companies House, forms SH01 filed by Carus Animal Health Limited; Tero analysis. Each point is one filed allotment; click any point to open the underlying filing.
Exhibit 2

Funding rounds, as filed

AllottedShare classPrice / shareRaisedImplied post-moneyStep vs priorSource
15 Oct 2025Ordinary£1.00£1.5m£42.0m· 1.0xSH01 ↗
4 Jul 2025Ordinary£1.00£2.4m£40.4m· 1.0xSH01 ↗
11 Apr 2025Ordinary£1.00£1.2m£38.0m· 1.0xSH01 ↗
17 Jan 2025Ordinary£1.00£1.0m£36.8m· 1.0xSH01 ↗
11 Oct 2024Ordinary£1.00£1.1m£35.8m· 1.0xSH01 ↗
19 Jul 2024Ordinary£1.00£2.6m£34.7m· 1.0xSH01 ↗
10 Apr 2024Ordinary£1.00£1.6m£27.3m· 1.0xSH01 ↗
5 Jan 2024Ordinary£1.00£1.5m£27.3m· 1.0xSH01 ↗
4 Oct 2023Ordinary£1.00£1.7m£27.3m· 1.0xSH01 ↗
5 Jul 2023Ordinary£1.00£1.7m£32.1m· 1.0xSH01 ↗
30 Mar 2023Ordinary£1.00£1.5m£25.7m· 1.0xSH01 ↗
23 Dec 2022Ordinary£1.00£732k£24.2m· 1.0xSH01 ↗
9 Nov 2022Ordinary£1.00£1.8m£23.5m· 1.0xSH01 ↗
13 Sept 2022Ordinary£1.00£1.2m£21.7m· 1.0xSH01 ↗
28 Jun 2022Ordinary£1.00£1.6m£20.5m· 1.0xSH01 ↗
29 Mar 2022Ordinary£1.00£1.2m£18.9m· 1.0xSH01 ↗
12 Jan 2022Ordinary£1.00£843k£17.6m· 1.0xSH01 ↗
26 Oct 2021ORDINARY£1.00£407k£15.9m· 1.0xSH01 ↗
15 Sept 2021Ordinary£1.00£843k£16.7m· 1.0xSH01 ↗
30 Jun 2021ORDINARY£1.00£1.3m£15.5m· 1.0xSH01 ↗
15 Apr 2021Ordinary£1.00£598k£14.2m· 1.0xSH01 ↗
8 Feb 2021Ordinary£1.00£877k£13.6m· 1.0xSH01 ↗
23 Oct 2020ORDINARY£1.00£1.1m£12.8m· 1.0xSH01 ↗
30 Mar 2020Ordinary£1.00£735k£10.9m· 1.0xSH01 ↗
25 Feb 2020ORDINARY£1.00£563k£10.2m· 1.0xSH01 ↗
27 Dec 2019ORDINARY£1.00£563k£9.6m· 1.0xSH01 ↗
2 Aug 2019Ordinary£1.00£6.0m£9.1m· 1.0xSH01 ↗
25 Sept 2018Ordinary£1.00£1.3m£3.1m· 1.0xSH01 ↗
17 Jul 2018ORDINARY£1.00£540k£1.8m· 1.0xSH01 ↗
7 Jun 2017ORDINARY£1.00£1.3m£100firstSH01 ↗
Total, 30 priced rounds£41.1m
Source: Companies House filing history, company 10684797. Every row links to the filed document it was read from. Prices and share counts as filed; implied post-money is price per share times shares in issue after the allotment.
Methodology
Notes. Raised is the sum of shares allotted times price per share across priced allotments filed on form SH01. Peak step-up is the highest price per share divided by the first priced round. Implied post-money is price per share times shares in issue after the allotment: an approximation that ignores class rights and unexercised options. Allotments classified as option-scheme or nominal issues are excluded from the trajectory.
Primary documents
Every figure on this page is read from a document filed at Companies House and links to it. The full record is public: filing history of Carus Animal Health Limited at Companies House ↗. Tero retains an archived copy of each parsed filing. Information, not investment advice.