Investors give startup $3.8 million to develop pet-monitoring device

Written by on February 8, 2016 in Business - Comments Off on Investors give startup $3.8 million to develop pet-monitoring device

Petcube Camera, a device developed by a new Ukrainian startup that allows pet owners to monitor and even play with their furry companions remotely, has attracted an additional $2.6 million in investment to help it expand globally.

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.

For the full story, please visit The Kyiv Post.

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