Petcube, a San Francisco, CA-based provider of solutions for people to stay connected with their pets, closed a $1.1M seed funding.
The round was co-led by AVentures Capital and Almaz Capital with participation from SOSVentures, Mint.com co-founder and CTO David Michaels and a security expert, former Chief Malware Researcher at Facebook, Nick Bilogorskiy. In conjunction with the funding, Yevgen Sysoyev from AVentures Capital, joined Petcube’s board of directors.
The company intends to use the funds to expand worldwide sales to brick-and-mortar retail stores in the US and Canada.
Led by Yaroslav Azhnyuk, CEO and co-founder, Petcube provides the Petcube Camera, a gadget that lets pet owners watch, talk and play with their pet, no matter where they are. The wide-angle, Wi-Fi-enabled camera with real time video and built-in laser pointer is controlled through the company’s free iOS and Android applications.
Its mobile apps aim to form a community of pet lovers, allowing anyone to share photos, find new friends and play with publicly shared pets.
After a $250k Kickstarter campaign, the Petcube Camera was delivered to backers and early customers in December 2014. Petcube is currently shipping the cameras from the second production batch.
The product is now available for purchase through https://petcube.com/.
The company also has offices in Kyiv, Ukraine and Shenzhen, China.
FinSMEs
17/03/2015