Dog Parker

Dog Parker

Closed: Jun. 2018

About this raise

Who Should Be Interested:
Do you have a dog? Do you hate leaving your dog at home while you run errands, but you also hate tying them up when you go into a store? If you said yes, then Dog Parker is an investment to consider! Dog Parkers are clean, safe, and comfortable dog houses for your dog(s) to wait for you while you run into a store and do your errands. Now, you can walk your dog -- and grab your groceries, too!

The Company:
Dog Parkers are here to help make more places dog friendly destinations. Their high-tech, temperature-controlled dog houses are placed outside stores that don’t allow dogs. You simply use the app or your member card to unlock it. Then, close the door (which locks automatically), and run your errands. Only you can let your dog out at this point. All Dog Parkers have heat and AC, self-cleaning UV lights, and are made from vet-grade materials. Plus, there’s a puppy cam inside so you can peek in on your pup. So far, Dog Parkers have installed 45 houses in Brooklyn, and they’ve logged 41,000 operational minutes across 2,670 sessions, all since January 2017. They’ve also raised more than $2 million to date, and they currently have 730 members, with a monthly membership growth rate of 30% and a 65% repeat customer rate. They plan to expand into 63 more walkable US cities, and, to answer that question I know you’re all thinking -- nope, they’ve never had a “poo” incident. In all their sessions, not one pup has soiled their Parker. Wow!

The Bottom Line:
Right now, there are more dogs than children in the US, and Dog Parker is the first company to offer this level of safety and comfort to city dogs. Dog Parker lets you both fetch groceries and play fetch with Fido -- all in the same walk. It’s te-ruff-ruff-ic!

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Investment Overview

Invested this round: $139,187

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
12/15/2017
Close Date
06/30/2018
Min. Goal
$58,655
Max Goal
$1,070,000
Min. Investment

$250

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.59

Pre-Money Valuation

$9,000,000

Company & Team

Company

Year Founded
2016
Industry
Pet Health, Food, and Services
Tech Sector
Distribution Model
B2C
Margin
Capital Intensity
Location
Brooklyn, New York
Company Website
Visit Website

Team

Employees
8

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/30/2018 Wefunder $9,000,000 $139,187 Equity - Preferred Funded RegCF
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Dog Parker on Wefunder
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $9,000,000
Price per Share: $0.59

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Warning: according to the close date for this deal, Dog Parker may no longer be accepting investments.

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