Dinbeat to raise 500,000 euros.

Dinbeat, a Barcelona, Spain-based producer of a smart wearable for dogs, announced securing a capital raise of 500,000 euros ($560k).

The money was provided by local Spanish investors from Barcelona including investors from the IESE Business Angels Network, Afintia, Accelgrow.

Dinbeat, founded in 2016 by David Arranz, Francisco Gil and CEO Talia Bonmati, is a manufacturer of a wearable device used to track the most important vital signs of a pet's from a remote wireless monitor and to receive an alert to cloud software and push notifications through a software application platform.