Petcube receives grants from Global Technology Foundation and prepares for $1.5 million seed-stage round
Last week at the IDCEE international tech conference in Kyiv (Kiev) the Global Technology Foundation (GTF) awarded hardware startup Petcube a grant of 240,000 hryvnias (approximately $18,500). The Foundation’s jury believes Petcube is the best Ukrainian startup, due to the fact that it is now well-known in Europe and the US and that it has a good audience and sales.
Petcube is working on a gadget designed to allow pet-owners to remotely chat and play with their animal through a mobile app. Thanks to the idea and quality PR, the company has picked up no less than $500,000 on Kickstarter from more than 1,700 backers.
“Thanks to the funds raised via Kickstarter we now have 18 people in our team, and we’re currently preparing for a $1.5 million seed-stage round,” Petcube’s founder Yaroslav Azhnyuk told Ukraine Digital News.
As reported by Ukrainian tech blog AIN.UA, other finalists in this year’s GTF awards included online ad platform ClickGanic, payment-processing system Kaznachey, e-commerce solution providers Softcube and Picreel, P2P storage platform Abovobo and online art encyclopedia WikiArt.org as well as Ecois, which has developed a system for managing energy at home, and Multitest.me, a service for selecting an internet provider.