Investors Unleash Millions Into Pet-Tech Startups
In 2017, $69.51 billion was spent on pets in the U.S., according to the American Pet Products Association. As a whole, the global pet market is estimated at $109 billion. So it’s no surprise that the increased spend on pets is reflected in increased funding for pet-related startups. Funding in pet startups surged by 334 percent to $291.8 million compared to $67.2 million in 2012, according to Crunchbase research. Funding totals in pet-related startups have already reached $519.3 million in 2018-78 percent higher than all of last year.
Then in May, another dog-walking and pet sitting service, Rover, brought in $155 million in a tech growth round. Looking abroad, Rover also recently announced its expansion into Europe-starting with the United Kingdom this July-which represents 25 percent of the global pet care market. On the venture side, Mars Petcare and Digitalis Ventures launched the $100 million Companion Fund to focus exclusively on pet care innovation in areas such as health, diagnostics, nutrition, and services. It’s the first pet care venture capital vehicle, according to Mars’ head of ventures Ben Jacobs, who is also a founder of Whistle, which developed a device and mobile app to monitor a pet’s activity and health. The fund’s goal is to help finance and support pet care founders.
In addition to the Companion Fund, Mars launched the Leap Venture Studio-the first pet care focused accelerator which was formed in partnership with R/GA Ventures and Found Animals. As a former operations consultant, Renaldo saw firsthand the inferior ingredients and substandard cooking processes used to make kibble and other mass-market pet food.
University of Texas at Dallas Alum, Systems Analyst by profession who is inclined towards Business and Technology. After 16 years my family moved to Ujjain, India when I was in class 11th. This year was a provoking year as I cleared State Level Mathematics Olympiad and appeared in National Mathematics Olympiad, sponsored by Government of India. This interest provoked me to opt for an undergraduate degree in Computer Science and after my High School I went to Solapur, India for my under graduation. I opted for an undergraduate degree in Computer Science and Engineering from Walchand Institute of Technology, Solapur.
After my under graduation I moved to Pune, India to start my professional career at HSBC Global Technology. My real motivation behind pursuing a degree in management was my work experience as a Software Configuration Manager at HSBC Global Technology India. After 1.5 years I resigned HSBC and came to pursue my Masters in Information Technology & Management from The University of Texas at Dallas. Being a graduate student of Information Technology & Management seems to be an endless journey of discovery and knowledge, revealing the infinite possibilities that a business concept can give shape to. I ran a Micro-ISV focusing on web development and social media consulting for small business and startups.
My blogs talk about emerging social platforms, social media services, startup success and entrepreneurs. You can find me on almost all the social networking portals and can get in touch with me. Those who read 6 degrees of separation – and those who make you think about 1 degree of Social Network.
The 8 Hottest Tech Start-Up Perks You Wish You Had: Gothamist
Warbly Shark Fur, which sells face toboggans online, has a Bagel Gazebo stocked dangerously full for its employees. Client-conscious workers don’t have to worry about staining their teeth on that luscious, inky-black brew: there’s a teeth whitening bar next to the break room. Mangoes are freshly cut with machetes in SheeBloop’s lobby, but Donaldson encourages workers to use their feeding tubes. Joe Geaux helps their clients pretend to speak French, so it’s only natural that their employees enjoy Francophilic perks. Mandatory Monte Cristo Mondays, in which workers construct the sandwiches blindfolded in a windowless room full of birds, has been an institution since the firm’s inception.
At the Midtown flat of Hail Ceaser, a firm dedicated to designing emojis of caesar salads, workers stare at a giant whirring fan with fourteen foot blades until their hunger subsides. When the fan is broken, employees can use the company’s Seamless account. Ergonomic dining tables greet the staff at Betsy, an e-commerce site designed for people named Betsy. Rotating chefs in the company dining hall means that they’ll never eat the same meal twice in one month. It all builds up to Sushi Thursdays, the last Thursday of every month in which the freshest wares are flown in from Tokyo’s famed Tsukiji Fish Market.
All the employees working out of FundFund’s Battery Park City office are given free use of the company’s car service and Private Zip Line. While the company’s stated purpose is unknown, FundFund’s employees are treated to a money-burning in the atrium on the last work day of every month.
The Startup Centre
We Build CommunitiesIf you are a Tech startup entrepreneur who is just starting, or have been around for a while, You are invited to be part of the Community that exists in Chennai – Chennai Open Coffee Club. We Mentor Entrepreneurs 1:1We do professional consultations with entrepreneurs who are either looking for feedback on a Business Idea or are looking for inputs on a specific issue related to your startup enterprise. If you need inputs on topics as such Fundraising strategy, Board Formation, Corporate Structuring, Product Launches, Team Building, Idea Validation etc, You are in the right place. We Have WorkSpaceEarly stage entrepreneurs need a space to work when they start with their ventures. For teams of upto 4 members we offer space at nominal rates.
Everything you need to get started is made available, just bring your computers to get started. If you / your team would like to avail this, Get in touch. We organize EventsTime and time again there are specific topics that come up from entrepreneurs and as a way of effectively addressing them, We organize regular webinars and workshops. Once a year we organize Startup Walk where the startups in the city open their doors and participate in an open house to host people who are interested in seeing the Chennai Ecosystem upclose. Periodically we also organize Prototyping Events where teams come together and build prototype of solutions for real problems.
Mentors participate to help the teams through the process. At the end of it, they present to a jury of experts and get feedback and insights.