Barkyn, a Porto-based food subscription and online veterinary care service for dogs, has raised a €5 million Series A to complete its own line of branded products and continue expanding the business. The round was co-led by Indico Capital Partners and All Iron Ventures, with participation from Portugal Ventures and the 200M Fund.
The Portuguese startup offers a monthly subscription box of food (which can be personalised to a dog’s diet) and round-the-clock online access to veterinary care. Founded in 2017 by André Jordão and Ricardo Macedo, Barkyn has raised over €7.8 million to date, including a seed round last year. In a press release, Jordão said “the pet market is booming worldwide and is now one of the highest growing markets in terms of consumer goods online”.
So far the business has served about 40,000 homes in Portugal, Spain and Italy, selling a portfolio of over 30 products, including food formulas, snacks and supplements. The latest funding will help accelerate the transition into Barkyn’s own range of products, expand the range itself and help the business further saturate its current markets.
Citing that the subscription business has tripled its growth year on year, VP of Portugal Ventures commented: “It is with the greatest of hopes that we have invested in this new round of funding in a period of unobstructed growth for Barkyn in European markets.”
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