What is Petnet?
Petnet (PintoFeed) was recognized for its innovative approach to pet care, developing smart pet feeders that allowed owners to manage their pets' feeding schedules remotely via a mobile application. The Petnet SmartFeeder was engineered to provide customizable meal portions tailored to a pet's specific breed, weight, and age, integrating with smart home devices for enhanced user convenience. Although the product is no longer in production, its design focused on ensuring consistent and precise nutrition for pets with particular dietary requirements, aiming to elevate the pet feeding experience for owners.
How much funding has Petnet raised?
Petnet has raised a total of $26.6M across 6 funding rounds:
Private Equity
$1.5M
Angel/Seed
$1.1M
Debt
$6.3M
Private Equity
$4M
Series A
$10M
Private Equity
$3.7M
Private Equity (2013): $1.5M, investors not publicly disclosed
Angel/Seed (2014): $1.1M led by Kima Ventures, Grishin Robotics, LaunchCapital, and SparkLabs Global Ventures
Debt (2014): $6.3M, investors not publicly disclosed
Private Equity (2015): $4M featuring Black River Ventures and Aspiration Growth
Series A (2016): $10M backed by Petco Animal Supplies
Private Equity (2017): $3.7M, investors not publicly disclosed
Key Investors in Petnet
Petco Animal Supplies
Petco is a prominent pet specialty retailer based in San Diego, CA, dedicated to advancing pet care standards through comprehensive wellness solutions and fostering deeper connections between pets and their owners.
Aspiration Growth
Aspiration Growth is an investment entity that has participated in funding rounds for companies seeking to scale their operations and market presence.
Kima Ventures
Kima Ventures is a highly active early-stage investor, known for backing a large number of startups globally from pre-seed to seed stages, providing essential funding and network support.
What's next for Petnet?
The company's history of securing significant enterprise-level funding, including a Series A round in December 2016, indicates a trajectory focused on scaling operations and product development within the burgeoning smart home and pet tech sectors. While the SmartFeeder is no longer manufactured, the strategic investments received suggest a strong market interest in connected pet wellness solutions. Future endeavors for companies in this space often involve expanding product lines, enhancing software capabilities, and exploring new avenues for pet owner engagement and data-driven pet health insights.
See full Petnet company page
