# Procyon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/procyon

- Industry: Internet
- Headquarters: Seoul, South Korea
- Website: www.petprice.kr
- Total disclosed funding: $0.1M
- Latest round: Seed (Aug 25, 2020)
- Investors on record: 1

## About

Procyon is a South Korea-based company that specializes in providing innovative solutions for pet owners through a comprehensive platform offering pet-related services and products.Founded in 2019 and headquartered in Seoul, South Korea, Procyon operates as a provider of a platform catering to various pet care needs. The company has completed 3 deals, with its most recent funding round on February 14, 2023. It raised USD 6.5 mn in venture funding led by Lobby Capital, with participation from First Rays Venture Partners and GTM Capital. The founders, Drew Volpe and Millie Liu, bring valuable experience to the company, although further details about their prior ventures are not available.Procyon specializes in providing innovative and convenient solutions tailored to pet owners. The company offers a comprehensive platform designed to facilitate pet-related services, including a marketplace for pet products and a network of service providers that cater to various pet needs. By addressing the challenges pet owners face, such as sourcing quality products and accessing reliable pet care services, Procyon aims to enhance the overall pet ownership experience. The customer base includes pet owners across diverse demographics, spanning urban and suburban markets in South Korea and potentially extending into other regions within Asia.Procyon generates revenue through a multi-faceted transaction structure that includes partnerships with retailers and direct-to-consumer sales. The company engages in subscription models for regular services or products, ensuring a steady stream of income while providing value to loyal customers. Transactions encompass flagship offerings, including premium pet food, accessories, and health services, priced to accommodate different market segments. By fostering partnerships with local pet service providers and retailers, Procyon strengthens its market presence and enhances its revenue potential through collaborative initiatives.In February 2023, Procyon raised USD 6.5 mn in venture funding to expand its operations and business reach. The company aims to introduce new pet-related products and expand into new geographical markets, with specific plans to target other regions within Asia by the end of 2024. The recent funding will be utilized to support these initiatives, enabling Procyon to enhance its product offerings and service provisions.

## Funding rounds

- Seed, Aug 25, 2020, $0.1M — Digital Healthcare Partners

## Investors

- Digital Healthcare Partners (https://capitalatlas.ai/funds/digital-healthcare-partners) — Seed