How Much Did BarkBox Raise? Funding & Key Investors

BarkBox has successfully raised funds through six funding rounds, with the latest being a Post-IPO Equity round. The company is backed by 27 investors, including notable names like Senator Investment Group and Fidelity.

Keep reading to explore the intricacies of BarkBox's fundraising journey and the investors backing this innovative subscription service platform for dog products.

What Is BarkBox?

BarkBox is a subscription service that delivers a monthly box of themed toys and treats for dogs. The company operates in the e-commerce, pet, and subscription service industries and is based in New York, New York, United States.

Founded by a team whose names are not explicitly mentioned, BarkBox has grown to employ between 501-1000 people. The company emphasizes customer satisfaction with a "100% Happy Guarantee" and has served over 2,000,000 dogs.

How Much Funding Has BarkBox Raised?

1. Seed Round
   • Amount Raised: USD 1,700,000
   • Date: July 2012
   • Lead Investors: Resolute Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the business and develop the initial product offerings.
2. Series A
   • Amount Raised: USD 5,000,000
   • Date: April 2013
   • Lead Investors: RRE Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the customer base and enhance product development.
3. Series B
   • Amount Raised: USD 15,000,000
   • Date: July 2014
   • Lead Investors: Resolute Ventures, RRE Ventures
   • Valuation at Round: Increased by 10-11 times over Series A
   • Motivation Behind the Round: To provide a financial cushion for unexpected events and support the scaling of newer business lines.
4. Series C
   • Amount Raised: USD 60,000,000
   • Date: May 2016
   • Lead Investors: August Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further expand operations and enter new markets.
5. Post-IPO Equity
   • Amount Raised: USD 200,000,000
   • Date: June 2021
   • Lead Investors: Federated Kaufmann Fund, Fidelity, Quadrant Capital Advisors, Senator Investment Group
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support long-term growth and enhance product offerings.

Total Amount Raised: USD 281,725,000. Current Valuation: Not publicly disclosed.

Key Investors

• Federated Kaufmann Fund
  • Details: Federated Kaufmann Fund participated in BarkBox's Post-IPO Equity funding round. They are known for investing in high-growth companies.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.
• Fidelity
  • Details: Fidelity also participated in the Post-IPO Equity funding round for BarkBox. They are a multinational financial services corporation.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.
• Quadrant Capital Advisors
  • Details: Quadrant Capital Advisors was involved in BarkBox's Post-IPO Equity funding round. They specialize in wealth management and investment advisory services.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.
• Senator Investment Group
  • Details: Senator Investment Group participated in the Post-IPO Equity funding round for BarkBox. They are a private investment firm.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.
• August Capital
  • Details: August Capital led BarkBox's Series C funding round. They are a venture capital firm that invests in early-stage technology companies.
  • Investment Focus Areas: Technology, media, and telecommunications.
  • Notable Investments: Microsoft, Sun Microsystems, Seagate.

What's Next for BarkBox?

As BarkBox looks to the future, the company is poised to capitalize on several promising opportunities. The expansion of their subscription-based e-commerce model through BarkBox, along with the growth of their vet care service, BarkCare, presents significant potential. Additionally, their content portal, The BarkPost, and the BarkBuddy mobile application for dog adoption are set to drive further engagement and revenue.

With a high retention rate among its 200,000 paying customers and the potential to scale BarkCare to more cities, BarkBox is well-positioned for future fundraising. The company projects a three to fourfold revenue increase by next year, which could pave the way for another growth round. However, challenges such as competition from other pet-related services and maintaining consistent quality as they scale new ventures will need to be navigated carefully.

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