RealTime IT News

Pets.Com Raises $35 Million in Third Round of Funding

Pet products site raised $35 million in a third round of funding from its current investors,, 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 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 because of their intense commitment to the customer," said Jeff Bezos, founder and chief executive officer, "and, of course, to the customer's pet." said it would use the funding to accelerate growth through advertising and add more distribution centers.