Pets.Com Raises $35 Million in Third Round of Funding
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Pet products site Pets.com raised $35 million in a third round of funding from its current investors, Amazon.com, Bowman Capital Partners and Hummer Winblad Venture Partners, as well as from new investor Phoenix Capital Partners.
Combined with the more than $60 million raised by Pets.com in its first two rounds of funding, the investment in the online pet site totals nearly $100 million.
"We are delighted to continue to support Pets.com because of their intense commitment to the customer," said Jeff Bezos, Amazon.com founder and chief executive officer, "and, of course, to the customer's pet."
Pets.com said it would use the funding to accelerate growth through advertising and add more distribution centers.