PLANO, TX — Halo, a pet safety and training technology firm, is fully subscribed for its Series B funding round.
Founded by Ken and Michael Ehrman with dog behaviorist Cesar Milan, Halo achieved a valuation of $400 million.
The round was led by “prominent new investing partners with several existing investors,” according to a press release. The latest round represents the majority of the approximately $25 million raised since inception in 2018.
“With 10 million pets lost each year, the investor community has recognized that no dog should be without their Halo,” said Ken Ehrman. “Our investors are helping us to bring trailblazing wireless capabilities and cutting-edge technology to 100 million pet dogs in the US alone. With Halo, we give dogs the freedom to live life off the leash, but also gives pet parents peace of mind knowing that their dogs are safe. Halo goes way beyond your typical GPS collar, offering state of the art boundary protection via wireless fences and world class training for your dog.”
Millan said, “Birds need to fly, fish need to swim, and dogs need a safe life off leash. This funding will accelerate our mission of no more lost dogs, while at the same time, allow more dogs to follow, play, and explore every day.”
The Series B funding round will allow Halo to improve wireless performance and expand its infrastructure to service millions of pets worldwide, according to the release. The investment will go towards engineering updates, including new worldwide capabilities and wireless leash advancements. Additionally, the funding will support the expansion of the company’s membership plan, the enhancement of its customer service network including proactive alerts for any system updates or changes.
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