Petcube has raised $10 million in Series A funding

Digital Future congratulates portfolio company Petcube for successful investment.

Yaroslav Azhnyuk, CEO and Co-founder of Petcube reported that company has raised $10 million in Series A funding from Almaz Capital, AVentures and Y Combinator.

Petcube team launched its Kickstarter campaign in 2013 and has become one of the leading companies in the connected pet category.

Petcube is currently present in 18 countries in over 5,000 retail locations in North America, Europe, and Asia Pacific, and sells online via Petcube.com and Amazon. The new funding will be used to enlarge new product development, marketing, and sales distribution in North America and international markets. 

Today over 100,000 device owners interact with their pets remotely on average of 50 minutes per week, at a high frequency of eight times per week. Petcube plans to extend market with the new funding, thus adjust their social mission of maintaining animal welfare and enhancing the lives of pets.