The startup’s second investment package comes from U.S. seed accelerator Y Combinator, early-stage venture firms Almaz Capital, and Ukraine’s AVentures Capital. The last two already invested $1.2 million in Petcube in May, bringing the company’s total funding to $3.8 million so far.
According to a Petcube Feb. 3 official statement, the millions the company has attracted will go to developing new gadgets and services, and expanding its Kyiv office.
“We’re focused on expanding our distribution footprint and accelerating our new product development,” CEO of Petcube Inc. Yaroslav Azhnyuk said the Feb. 3 statement. “In doing so, we’re striving to make lives better for pet owners and their pets.”