Online Pet Products company Miscota excel and gain a million Euros in funding.
The surge in eCommerce in countries, including Spain, has opened up various marketing niches, and the supply of pet products (food, collars, cat flaps etc) has been the successful route for Miscota.
Founded by two young entrepreneurs, Albert Costa and Xiaolei Jin, Miscota has quickly found its online success adaptable to foreign markets, and intend to expand through various European markets including France, Italy, Germany, Holland and Poland. Indeed they already invoice more than 140,000 euros monthly, and anticipate reaching break-even point in early 2013 after just a year of operation. The owners put their success down to making the buying process as easy and enjoyable as possible, as well as offering competitive prices for the best products.
They have now announced that they've closed an investment round of 1 million Euros, organised by the accelerator fund Intelectium. This financing will allow them to grow their business and expand into their surrounding territories. Miscota have at the heart of their philosophy "think global, but act local" and with that attitude they should achieve further success in foreign fields in the years to come.
Promotion video for Miscota