Ukrainian start-up Petcube attracts $3.8 million investment

Source : 112 Ukraine

Play with your pet from anywhere around the world!
09:26, 4 February 2016

Petcube – Ukrainian start-up project producing interactive cameras – received investment in the amount of $3.8 million, one of the best results in Ukrainian market, informs Forbes.

Leading investors are Almaz Capital, AVentures Capital and Y Combinator. “It is standard practice for us – investing in projects we believe are successful”, - says Managing Partner at AVentures Capital Andriy Kolodyuk.

Gadget Petcube is an interactive camera used to play with pets: user downloads a special app on his smartphone, which transmits an image from the camera. The gadget has a built-in electronic pointer, controlled from the smartphone’s screen, it allows to play with a pet from anywhere in the world.  

The project demonstrates positive sale rates, the start-up is successful, informs one of Forbes sources.

“I’m sure that Petcube is pioneering a fundamentally new category of products – Connected Pet – a combination of Connected Home and a category of products for pets”, - explains Yaroslav Anzhyuk CEO at Petcube. “Petcube basically created a new market and the project already has clones. It is a clear sign the product is in demand”, - says Viktor Kompanets, Investment Manager at Digital Future.

According to Yaroslav Anzhyuk, the received funds will be allocated in a few directions: expanding distribution, development of the website and attraction of highly-qualified staff. 

Related: Ukrainian start-up CallPage launched in Poland

Related: Start-up with Ukrainian co-founder launched instant chat for iOS

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