Porto, Portugal-based startup that provides subscription service for pets, Barkyn has announced in April 2021 that it raised an extra €3 million in Series A funding, extending it to €8 million. Investors in the funding round include Five Seasons Ventures, Indico Capital Partners, All Iron Ventures, Portugal Ventures and Shilling Capital.
The startup will use the proceeds from the funding round to build new products, enhance the existing nutrition and telehealth service, and expand the business.
About the startup
Barkyn was launched in 2017. It offers a subscription service for pets that combines healthy food using fresh meat with a dedicated online veterinary doctor. Customers can get specialized food and personalized treats and supplements for their dog monthly or as often as they need it. The company provides customers with more convenience, a better price and a highly personalized offer. Barkyn doctors are available to answer questions about the diet of the dog and general questions that may help avoid any unnecessary trips and costs to see a vet. The startup currently caters to customers in Spain, Portugal and Italy, and aims to be the leading pet service brand in Southern Europe.
Statements from the stakeholders
Barkyn’s CEO and co-founder André Jordão said dogs are family, and just like their humans, the startup wants to ensure they get the best product, support, and customer experience they deserve. There is no one-size-fits-all when it comes to nutrition and what the body needs, and they solve this based on their knowledge, existing products and continued research and development. In 2020, they scaled fast due to demand and with Five Seasons investing and bringing their expertise to the team, they can work towards their vision of becoming the dominant holistic pet service brand.
Five Seasons’ Founding Partner Niccolo Manzoni said Barkyn is a unique company within Southern Europe, where the region has higher levels of pet ownership but fewer inspiring digital pet care brands. Combining personalized food with telemedicine and, in the case of Portugal, insurance, gives customers’ one endpoint for the well-being of their pets. He added that the startup’s main focus on innovative products and customer experience convinced them to invest in it.
Cristina Fonseca, Partner at Indico Capital Partners said they are delighted to see Barkyn achieving its targets and gathering momentum in the market while keeping innovation as a core business differentiator. As early backers of the team, they are also happy that Five Seasons is joining the journey and adding its expertise which will help drive the next phase of growth and expansion.
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