Portugal’s pet tech Barkyn raises €3 million bones in Series A extension, closes at €8 million
April 28th, 2021.
Matosinhos, Portugal-based pet products and wellness provider Barkyn has extended its Series A round to close at €8 million.
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 c
Barkyn, a wellness startups for pets in Southern Europe, hits an $9.6M Series A round
Barkyn, a European subscription service for pets that combines food with tele-vet services, has raised a further €3 milion ($3.6M) from FoodTech investor Five Seasons Ventures, extending its previous Series A to €8M, and total funds raised to date to €10M. Five Seasons Ventures joins previous investors Indico Capital Partners, All Iron Ventures, Portugal Ventures and Shilling Capital. Barkyn is in the same space as Tails, acquired by Nestlé, and Butternut Box from the UK which has raised $28M.
Launched in 2017, the Portuguese startup currently serves customers in Portugal, Spain and Italy, and is aiming to be a key ‘pet wellness’ brand for Southern Europe.
Shilling Founders Fund is Portugal’s newest VC, with $35.6M to spend on early-stage startups
Shilling, an early-stage VC in Portugal, has now launched a new €30M ($35.6M) early-stage fund called Shilling Founders Fund, which is backed just over 35 successful tech founders, as well as large European VC Atomico. The fund will run on a profit-sharing model, sharing fund returns with all of its portfolio founders. While the fund tends to back Portuguese startups it also hold back 40% of its capital for international deals.
The fund says it has already invested in seven companies: Rows (spreadsheet for app creators), Vawlt (secure and resilient multi-cloud platform), Promptly (SaaS platform for health outcomes analytics), Modatta (decentralized marketplace for consented personal data), Biocol Labs (DTC post-chemical pharmacy), Decipad (low-code notebook) and Detech.ai (AI-powered application and infrastructure monitoring platform).
Cristina Fonseca named Young Global Leader
The World Economic Forum, the Swiss based global organization better known for its Annual Meeting held in Davos, has just announced this year´s new Young Global Leaders (YGLs) list. Cristina Fonseca, Partner at Indico Capital Partners and serial entrepreneur was one of the chosen global, under-forty, personalities to be nominated this year.
The Forum of Young Global Leaders identifies the world’s most promising leaders under the age of 40 - people driving innovation for positive change across civil society, arts, culture, government and business. By connecting them to a community of remarkable peers and investing further in their leadership abilities, the aim is to create a ripple effect over five years that benefits their organizations and the world.
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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi