Kyle
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.
Linkage:
Visit BarkBox here
What the heck is nibletz? We’re the voice of startups “everywhere else”
How can you help? Here click this