24 Oct Equity Crowdfunding – PitPat seeks £500,000 on Crowdcube to transform the pet care industry with technology
PitPat, a leading pet-tech company, is thrilled to launch its next funding round on Crowdcube today.
Since PitPat was founded in 2014, the company has launched its first product, an activity monitor for dogs, which set tails wagging on Dragons’ Den earlier this year. The retail product, which won Best New Dog Accessory at the UK’s largest pet trade show, is selling profitably today in over 20 countries across Europe, with thousands of users. With 9 million dogs in the UK (over half of them overweight), and 150 million dogs worldwide, this already represents a major market.
The company is now seeking investment on Crowdcube to build an internet-based cloud platform around the product that could disrupt and transform the entire pet care industry — an industry that’s worth around $100 billion a year, and is crying out for the big data and insights that PitPat can provide. The Dog Care Intelligence Platform will join owners together as a community, and form the basis of an invaluable data, intelligence and communications proposition to partners across the industry.
Andrew Nowell, CEO and Founder, said “This is a really exciting time for us as we look to grow the business through the platform we are developing, and expanding into new markets. By investing in PitPat you can join us on what I think promises to be an exceptionally interesting and rewarding journey.
“As a retail product, PitPat is already connecting dogs with their owners. Soon, through commercial partnerships, the PitPat platform will offer the opportunity to redefine how the pet care industry connects with its customers.”
For photography, product images, spokespersons interviews or for further information please contact Honoria Simpson ([email protected]) on +44 (0)7929 838522, or visit www.pitpatpet.com/press.
About Pitpatpet Ltd:
PitPat is focused on designing and manufacturing affordable products that augment traditional pet care with the latest technology.
The company was founded by a group of four entrepreneurs based in Cambridge, UK with expertise in high volume product design and sensor technology. Based on their experience developing human wearable devices and other low-cost and simple-to-use consumer products, the group spotted an opportunity in the pet sector and formed the company to develop it.
Further information on PitPat is available at www.pitpatpet.com.