Homerun

About Homerun

Shenzhen Qianhai Homerun Smart Technology Co., Ltd., operating under the brand Homerunpet, was established in 2015 with its headquarters in Shenzhen and a software research and development center in Guangzhou, China. The company has positioned itself in the pet technology market, focusing on the application of artificial intelligence and robotic hardware to create products for pet owners. Its business model revolves around the design, development, manufacture, and export of smart pet products, targeting a clientele of pet parents, particularly those in urban environments with pets at home. Revenue is generated through the sale of these consumer electronic goods.

The company's product line addresses various aspects of pet care, including smart pet feeders, water fountains, and pet hair dryer rooms. One of its key offerings is a Wi-Fi-enabled smart pet feeder, which allows users to schedule and portion meals remotely via a dedicated app. This feeder is designed with an anti-clog system, tested for continuous operation, and features a triple-sealed design to maintain food freshness. Another product is a smart water fountain featuring a wireless, ultra-quiet pump and a 67oz capacity, ensuring a continuous supply of filtered water. The firm has also developed an app, "homerunPET," that serves as a central hub for users to manage all connected devices, customize settings, and share access with family members.

Homerun has successfully navigated several funding stages, indicating investor confidence in its market strategy. The company secured Angel investments in December 2015 and June 2016, followed by Early Stage and Later Stage VC rounds in May 2019, June 2022, and a significant $14.5M Series C round in March 2023. Notable investors include prominent names such as Alibaba Group, Shenzhen Capital Group, and 37 Venture Capital, underscoring the company's backing from major corporate and venture capital entities.