PawCo Foods raised $2M in a seed funding round led by Elevate Ventures and angel investors to scale its operations and further invest in growth, research and development of new recipes and marketing tactics.
Feb 29, 2024•over 1 year ago
Amount Raised
$2 Million
Round Type
seed
Investors
Arash FerdowsiElevate Ventures
Description
PawCo Foods announced a $2 million seed funding round led by Elevate Ventures and other angel investors such as Arash Ferdowsi, co-founder of Dropbox. With this funding, PawCo will scale its operations by opening a second production facility in the Midwest and will invest in growth, research and development, new recipes, and marketing tactics to drive awareness for the plant-based pet food category.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers