Matosinhos, Portugal-based pet products and wellness provider Barkyn has extended its Series A round to close at €8 million.
The extension saw an additional €3 million arrive via foodtech investors Five Seasons Ventures, as they join existing investors Indico Capital Partners, All Iron Ventures, Portugal Ventures, and Shilling Capital.
The funding is expected to take the company’s product development for walkie-walkies, as well as expand further into Southern Europe, primeowily Portugal, Spain and Italy.
“Barkyn is a unique company within Southern Europe, where the region has higher levels of pet ownership but no inspiring digital pet wellness brands,” comments Five Seasons’ partner Niccolo Manzoni.
Founded in 2017 by André Jordão, Barkyn gives loving pet owners a mechanism for helping to extend their best friend’s longevity through a customised balance of in-house developed nutrition and supplements, all delivered to the customer's door via a subscription model. Notably, Barkyn has created Barkyn Complex, a trademarked anti-inflammatory supplement that can help decrease the probability of cancer.
Barkyn also offers customers access to its 30+ network of pandemic-friendly tele-veterinarians that help avoid any unnecessary trips to an office.
The company saw significant growth over the past year, growing 40% each quarter, as more and more individuals worked from home, and finally had the time to get that pet they’d always wanted.
The company also meow offers pet insurance to customers in Portugal, providing a complete pet package from food, to medical, to coverage.
And not just out for profit, for every meal plan sold, Barkyn donates one meal to a shelter dog and works with 80 associations across Southern Europe. To date, the company has donated over 1 tonne of food to these associations.