FetchDog.com Announces $4 Million Financing to Power Market Development and Expand Executive Team Company Names Claude P. Sheer, Ziff-Davis, Beliefnet.com and MenuPages.com Media Veteran, CEO Portland, Maine (PRWEB) February 9, 2009 FetchDog.com, a leading online destination for dog owners to shop, learn and socialize, announced today that it has closed a $4 million round of funding led by Borealis Capital Partners and Harbor Light Capital Partners. In addition to its internet site, FetchDog publishes a popular catalog for dog supplies, a $35+ billion market in the United States. "With this funding, Fetchdog.com will continue to dramatically expand the scope of its product and service offerings," said David E. Shaw founder and chairman of the company, and founding CEO of IDEXX Laboratories and Ikaria Holdings. "FetchDog.com's unique combination of high quality merchandise, internet and catalog shopping, social networking, extensive online information and media resources has made it a favorite place for passionate dog owners. And there are more than 40 million dog owning households in the U.S. The enthusiastic response of our customers and partners has been very gratifying to the team, and demonstrates the power of our technologies and other capabilities." Glenn Close, another founder and blogger on the site, adds "People's love of dogs is highly motivational to everyone at FetchDog, and we take great pleasure in knowing that FetchDog impacts people's lives in a very meaningful way. It's also important to us that our work, including charitable shops, benefits dog rescue and adoption shelters and other non-profit organizations including those dealing with the training of service dogs." The company plans to use the funding to improve its infrastructure, develop new content, entertainment and philanthropic initiatives as well as to expand its executive team starting with life-long pet owner, and internationally recognized media executive, Claude P. Sheer. "Claude has successfully grown a wide range of content businesses in the course of his career, from NYSE traded technology content company Ziff-Davis to internet start up Menupages.com, which was recently sold to New York Media" noted Shaw. "He will join the Fetch team with the goal of rapidly scaling an internet site that combines commerce, content and community - to become the world's leading direct marketing destination for pet products and services." "FetchDog.com has attracted an extraordinary group of highly successful entrepreneurs and executives. I am thrilled to join founder and President Gretchen Kruysman and the rest of the team in the work of building a world class commercial success with a well developed sense of community service" said Sheer. About FetchDog.com
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