Matt Meeker has had a successful exit with MeetUp and has also served as the entrepreneur in residence at Polaris Ventures, it’s no wonder that his admitted “side project”, BarkBox has just raised $1.7 million dollars.
While the round itself was intentional, Meeker never really thought this business would create such momentum. Obviously he wasn’t familiar with his $53 billion dollar pet care industry. It was only natural with a subscription box available for everything from purses to shoes, to healthcare and wellness products to, “bro stuff” a subscription box for pet care products was a shoe in for a great business.
“We started thinking this would be a little side project, and a nice little cash flow business, and then we got such tremendous feedback about it we decided there’s a much bigger opportunity here,” he said.”If we want to do it right, we’re going to need some capital in the bank to go build a team and start building real relationships with suppliers and things like that, so we decided to go out and raise that money to do it.” betakit.com reported
This $1.7 million dollar round was led by Mike Hirschland of Resolute.vc, and included Lerer Ventures, RRE, Polaris Ventures, Bertelsmann and Dave McLure’s 500 startups.
Visit BarkBox here
What the heck is nibletz? We’re the voice of startups “everywhere else”
How can you help? Here click this