K9 Nation, a self-described community for dog owners and dog-friendly businesses, has successfully raised over £167,000 after completing a second round of investment funding.
The business, which brings together dog lovers and dog friendly businesses from across the UK via an app and online marketplace, will use the funding for further development. It had previously secured an initial £250,000 pre-seed investment in 2020.
In this latest round of investment, K9 Nation received additional funding from key cornerstone investors from NorthInvest, alongside continued support from those that were involved in the pre-seed round.
The funding was headed up by Dr David Pearce, CEO of software development agency Nephos Solutions, and Jordan Dargue, an angel investor and NorthInvest’s investment director.
Dargue said: “We’ve been delighted to see the outpouring of support for K9 Nation from investors and the wider community. When I first met Becky and the team, I knew this was a promising business with real potential and so I was pleased to join the team as Strategic Advisor and Non-executive Director during the first round of investment.
“We’ve achieved great things so far and I’m proud to provide ongoing support to the company as it moves forward and can’t wait to see how they grow and evolve with the support of this latest round of investment.”
As part of this latest round of funding, K9 Nation has also made new additions to its team, including Mike Cripps, founder of Panintelligence, and Richard Flint, former CEO and executive chairman of Sky Betting and Gaming, and a M&A lawyer from a well-known international firm, who will serve as board observer.
Becky Baker, K9 Nation’s founder, said: “We’re so pleased that we’ve secured this second round of funding with the help of NorthInvest. The money raised will go towards making significant developments to the K9 Nation app.
“We plan to invest in new technologies that will allow us to implement more features for canine-friendly businesses and dog owners alike, as well as further building on our community of over 2300 members.”