ASPRO Venture Fund has made a $550,000 investment in technology startup Kotobook, a next-generation digital platform that combines a social network for pet owners, artificial intelligence tools, and infrastructure for the development of the global pet economy.
ASPRO Venture Fund has made a $550,000 investment in technology startup Kotobook, a next-generation digital platform that combines a social network for pet owners, artificial intelligence tools, and infrastructure for the development of the global pet economy.
The investment was made as part of a Seed round in the format of equity-based financing through a SAFE agreement, which provides for the future conversion of the investment into a share in the company during the next investment round. As part of this agreement, the fund receives a share in Kotobook and becomes a strategic partner in the development of the platform.
Investment amount: $550,000.
The investment by the ASPRO fund became one of the largest investment rounds among Ukrainian pet-tech projects at the early stage of development and confirmed the potential for international scaling of the platform.
The investment was the next stage in Kotobook’s development after previous angel investments, which helped create the first version of the platform and form an active user community.
The total amount of investment raised by Kotobook at various stages of development exceeded $850,000.
The ASPRO Foundation notes that its decision to invest in Kotobook is based on a combination of several factors: the project’s strong social mission, high level of user engagement, and scaling potential thanks to modern artificial intelligence technologies.
Kotobook is a digital platform for pet owners that combines social interaction, creative content, pet care services, and tools for pet business development.
As of today, the platform already has over 29,000 users, and the average time spent using the app is about 1 hour per day, demonstrating a high level of audience engagement and stable organic growth.
Platform users create content about their pets, interact with each other, and form a global community of people united by their love for animals.
One of the key factors that attracted the investor’s attention was the social and emotional component of the project. Kotobook actively supports volunteer initiatives and animal shelters, helping to spread information about animals in need of new homes, uniting volunteers and animal owners into a single digital community of help.
Thus, the platform creates not only a digital social network, but also a real social impact, contributing to the development of a culture of responsible treatment of pets.
Another key factor for the investor was Kotobook’s technology strategy. The team is actively developing artificial intelligence and video generation tools that allow users to create a new format of creative content.
The platform’s AI technologies allow you to generate videos, stories, and creative content formats about pets, unlocking users' creative potential and shaping a new type of social interaction.
In addition to the social platform, Kotobook is developing infrastructure for real pet businesses, allowing brands, pet product manufacturers, veterinary services, and local businesses to interact more effectively with their audience.
The platform creates new tools for brands to communicate with pet owners, analyze user behavior, and build long-term relationships between businesses and the community.
In the future, Kotobook plans to combine online services and offline pet market infrastructure, creating a global ecosystem for pet owners.
The investments raised will help Kotobook accelerate the development of AI technologies, scale the platform to new countries, and expand functionality for users and businesses.
The team plans active international scaling of the platform to the markets of Europe, North America, and other global regions.
Kotobook founder and CEO Sergii Vlasiuk notes that the development of modern technological infrastructure is a key factor for scaling the platform:
«Kotobook is being created as a global platform for pet owners, and it is extremely important for us to build the product on a modern cloud infrastructure that allows it to scale with the growth of the community. Today, the platform already uses the capabilities of Google Cloud to develop AI functions and maintain stable operation of the service. We plan to further expand cooperation with this infrastructure to ensure rapid scaling and development of new technological capabilities of the platform.»
Representatives of the ASPRO Foundation also note the importance of technological architecture for the future growth of the project:
«While getting to know the platform, we personally felt its potential as pet owners. Kotobook combines the emotional component of the community with modern artificial intelligence technologies. For this type of product, the ability to quickly scale the infrastructure is critically important. That is why the team pays great attention to modern cloud technologies that allow the development of global digital platforms.»
Kotobook is available in mobile apps and continues to actively develop as a global platform for pet owners.
More information about the platform: https://kotobook.pet/en
Team contact: [email protected]
