What is Petnet?
Petnet (also known as PintoFeed) was at the forefront of the smart pet feeder market, developing devices that enabled pet owners to remotely manage their pets' feeding schedules via a mobile application. The Petnet SmartFeeder was engineered to provide customizable meal portions tailored to a pet's specific breed, weight, and age. It also featured integration capabilities with smart home devices, enhancing user convenience. Although the product is no longer in production, its design aimed to assist pet owners in maintaining consistent feeding routines, particularly for pets with specialized dietary requirements. The company's objective was to elevate the pet feeding experience, simplifying the process for owners to ensure their pets received optimal nutrition.
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 LaunchCapital, Kima Ventures, SparkLabs Global Ventures, and Grishin Robotics
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 Animal Supplies is a major pet specialty retailer focused on delivering comprehensive wellness solutions and deepening the bond between pets and their owners.
LaunchCapital
LaunchCapital is a venture capital firm specializing in seed and early-stage investments, providing hands-on support to entrepreneurs across various industries nationwide.
Kima Ventures
Kima Ventures is an active early-stage investor, backing numerous startups annually from pre-seed to seed stages with funding, network, and support.
What's next for Petnet?
The substantial enterprise-level funding secured by Petnet indicates a strategic push towards scaling operations and potentially expanding its product line or market reach within the pet technology sector. The recent strategic investment suggests a continued belief in the company's vision and its ability to innovate in the connected pet care space. Future developments may involve leveraging this capital for research and development, enhancing user engagement through software updates, or exploring new avenues for smart pet solutions that cater to evolving consumer demands for convenience and advanced pet wellness.
See full Petnet company page
