Spanish startup Dinbeat, which is specialized in the development of innovative and technological products for the pet sector, has successfully closed its second investment round of €500K. The funding round was led by current partners, investors from the IESE Business Angels Network, Afintia, Accelgrow, veterinary professionals and other business angels.
Last year the pet tech startup released ‘Dinbeat UNO’, a wearable device for professional veterinary use which wirelessly monitors pets’ health in real time, gathering information about electrocardiogram, heart rate, respiration per minute and temperature, among other metrics. One of the main added values of this device is that it allows veterinary clinics to monitor non-sedated animals.
The recent funding will be used to reinforce its internationalization strategy during 2020 and unlock an Enisa Growth Spanish participative loan. In addition, it will allow the company to grow its team, reinforcing the areas of marketing, sales, development, and help to validate its technology for human-use by the Germans Trias i Pujol Hospital (Can Ruti) in Badalona, Spain.
Talía Bonmatí, CEO and Founder of Dinbeat, commented: “With this round, Dinbeat hopes to consolidate its position in the veterinary sector in 2020, and to open a new line of health tech business in parallel in 2021, once the technology is validated for human-use. Telemedicine is here to stay and we want to lead the change.”