About Companion
Companion is a company based in Canada founded in 2016. It operates as a AI-as-a-Service, and Direct-to-Consumer (D2C). Companion has raised $14 million across 3 funding rounds from investors including Mars, Lerer Hippeau and Central Garden and Pet. Companion offers products and services including Companion Device and Companion App. Companion operates in a competitive market with competitors including Porter Labs, Dogtra, DogWatch and PetHey, among others.
- Headquarter Canada
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Companion Labs Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14 M (USD)
in 3 rounds
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Latest Funding Round
$6 M (USD), Series A
Apr 13, 2023
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Investors
Mars
& 10 more
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Employee Count
Employee Count
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Products & Services of Companion
Companion offers a comprehensive portfolio of products and services, including Companion Device and Companion App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI device enriches dogs with interactive training games.
App manages dog games and tracks activity progress.
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Funding Insights of Companion
Companion has successfully raised a total of $14M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $6.0M
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First Round
First Round
(03 Mar 2021)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series A - Companion | Valuation |
investors |
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| Oct, 2021 | Amount | Seed - Companion | Valuation | Lerer Hippeau |
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| Mar, 2021 | Amount | Seed - Companion | Valuation | IA Ventures , Tuesday Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Companion
Companion has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Mars, Lerer Hippeau and Central Garden and Pet. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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USA focused VC firm investing in seed and early stage startups
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Founded Year | Domain | Location | |
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Digitalis Ventures is engaged in health-focused investments.
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Founded Year | Domain | Location | |
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Seed and early-stage venture capital firm focusing on investments in technology and fintech companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Companion
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Companion
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Companion Comparisons
Competitors of Companion
Companion operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Porter Labs, Dogtra, DogWatch and PetHey, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Internet first brand offering smart training device for dogs
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| domain | founded_year | HQ Location |
Manufactures high-quality smart training collars for dogs.
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| domain | founded_year | HQ Location |
Pet fences, outdoor systems, training products, and collars are supplied.
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| domain | founded_year | HQ Location |
Sells wireless dog fences and remote training collars using radar technology.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Companion
When was Companion founded?
Companion was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is Companion located?
Companion is headquartered in Canada.
Is Companion a funded company?
Companion is a funded company, having raised a total of $14M across 3 funding rounds to date. The company's 1st funding round was a Seed of $8M, raised on Mar 03, 2021.
What does Companion do?
Companion is engaged in developing AI-based solutions for dog enrichment and training. The company offers a smart device that interacts with dogs using advanced computer vision, audio, and treat-launching technology to promote mental and physical activity. Additionally, a mobile app is provided for owners to customize games, schedule sessions, and monitor progress. The solutions are designed by experts in dog behavior, training, and veterinary care, targeting pet health and wellness through innovative technology in the pet care sector.
Who are the top competitors of Companion?
Companion's top competitors include Porter Labs, DogWatch and Dogtra.
What products or services does Companion offer?
Companion offers Companion Device and Companion App.
Who are Companion's investors?
Companion has 11 investors. Key investors include Mars, Lerer Hippeau, Central Garden and Pet, Frog Design, and PETstock.