This is the healthiest dog food subscription service. This company uses human-grade ingredients and freeze-drying technology to deliver 100% nutritional value. They have their own recipe and quality assurance process. The food is produced in a licensed factory in Italy according to their recipe. Dog health has been deteriorating since the 1970s. Since then, the dog population experienced a 900% increase in diabetes and a 50% likelihood of developing cancer. Result: loss of a loved pet and huge vet bills. Pet care services are worth 190BN EUR globally and ±5.2% CAGR reaching 270BN EUR in 2025. TAM in the EU is ±14B EUR for premium dog food ±5% CAGR (cat owner’s audience is the same size). The company started in 2020 and have got ±35.000 EUR monthly revenue, around 500 active subscribers in Europe, a 3 million EUR distribution partnership contract in Hong Kong and Cat food ready for launch. |
Business Model:
In Europe, the company sells directly to customers and has recurring month-on-month payments. Their Average Order Value is ±75 EUR / month for a regular subscriber. In addition, they also started selling B2B wholesale. The company has a 3 million EUR agreement with a distributor in Hong Kong, which goes with a 50% markup. They are also finalizing a similar size contract with a partner in South Korea. |
Customer type / profile:
B2C and B2B |
Preferable investor type:
Angel investor; Strategic investor
USP’s:
– Freeze Drying Technology – Human-grade meat – Superfood ingredients – Personalization for the subscribers. |
Capital amount needed:
€500.000,- (The total round was €600.000,-, although €100.000,- is already committed.) |
Investment need:
– €200.000,- working capital; – €100.000,- marketing / customer acquisition; – €150.000,- product development, packaging, new recipes, upsell products; – €50.000,- B2B sales development. |
Sector:
Food, Health, Retail
Phase:
Early Growth
Number of founders:
2
Current number of employees:
2
Experience:
Co-founder 1: Certified dog nutritionist Co-founder 2: |
Monthly turnover (current):
€37.500,- |
Turnover (forecast) next 12 months:
€3.000.000,- |
Turnover (forecast) months 13 – 24:
€8.000.000,-
Current monthly expenses:
€35.000,-
Committed funding in the current financing round:
€100.000,- |
(This listing is concerning a non-dutch company.)