Ukrainian startup Petcube takes in $1.1 million funding

petcube-kapakPetcube, a Ukrainian manufacturer of a pet-focused device, has announced that they have obtained $1.1 million in funding from Ukrainian investor AVentures and Russian investor Almaz Capital, as well as SOSVentures, Mint co-founder and CTO David Michaels, and Nick Bilogorskiy, former Chief Malware Researcher at Facebook. This latest round will enable the company to boost its presence in physical stores across the United States and Canada, as well as increase overall distribution. Petcube previously garnered a good amount attention for their successful Kickstarter campaign, through which they picked up more than $250K, which helped establish the company as one of the most promising Ukrainian startups (hardware or otherwise). Yevhen Sysoyev from AVentures will also join the startup’s board of directors as part of the deal.

We have covered this startup a couple of times, but it is worth reminding that it launched to sell a device that allows pet-owners to remotely observe and interact with their pets. The cube on sale allows users to monitor their pets through a wide-angle, WiFi-enabled camera, speak to them, or even use a laser as a means of basic entertainment. The devices, which went on sale in December, retail for $199. They are temporarily sold-out on Amazon, but the company says that they are currently shipping the second batch that they produced.

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