Petcube, founded in 2012 by Alex Neskin, Andrey Klen & Yaroslav Azhnyuk and added to our portfolio in 2016 has raised $10M in Series A. The funding came from Almaz Capital, AVentures Capital, CABRA VC and Y Combinator.
This San Francisco based startup helps pet owners to interact with their pets through internet-connected smart pet cameras with wide-angle 160 degree view, 2-way audio for listening and speaking with pets, treat dispenser to toss treats for pets by controlling the amount and distance from your phone etc.
According to Euromonitor, the global pet care industry is valued at $110 billion and estimated to grow to $128 billion by 2022, with increasing expansion coming from the connected pet category. With its lineup of award-winning interactive pet monitors, Petcube is disrupting the pet care industry through innovative products that solve the challenges faced by busy pet owners who have to leave their pets at home because of work or travel, or have pets with special needs.
Petcube customers are active users of a large and growing category. Over 100,000 device owners interact with their pets remotely an average of 50 minutes per week, at a high frequency of eight times per week.
“Five years from now, nearly 40 million pet households will use a connected pet device. That’s half of the US pet population,” said Yaroslav Azhnyuk, CEO and co-founder of Petcube. “We are committed to driving innovation for this large and growing community, by designing products that enable pet parents to give their pets the best, while also ensuring their health, wellness and safety.”
Petcube’s market expansion plans with the new funding also align with its social mission to support animal welfare and improve the lives of pets everywhere. Through partnerships with rescue organizations like the SF SPCA and natural health pet food brand Wellness®, Petcube is building an intelligent platform for pet care, and will continue these types of collaborations to better the wellness of pets everywhere.
Please read full story at Petcube News.