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FluentPet isn't accepting new investments

FluentPet’s deadline was January 1, 2022

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FluentPet

Your dog has a lot to say—our technology gives them a voice
Consumer Pets B2C
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$742,514
Raised
1,090
Investors
Successfully funded and closed on January 1, 2022.
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by CleverPet, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
FluentPet FluentPet SPA CleverPet Form C.pdf
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Hear from some of the 1,090 people reserved or invested in FluentPet


Show more

Highlights


$5M+ revenue
Company had over $5M in revenue in the past 12 months
  • FluentPet sound buttons enable rich, language-like communication with pets
  • Used by Bunny, the talking dog with 6.7M TikTok followers
  • Thriving user community at How.TheyCanTalk.org
  • Over $3.3M trailing 12 month revenue as of June 2021
  • Over 40k orders and solidly profitable—$356k income on $977k sales for Q1
  • Major university research collaboration featured in NY Times & The Verge
  • Upcoming app and next-gen hardware to cement market leader position

Problem


What goes on behind those eyes?

53% of American households own dogs. For most of us, they’re part of the family—and cognitive scientists are discovering that their ability to think and feel is more developed than we ever imagined.

People who live with dogs know that curiosity, fear, excitement, and boredom are not just human emotions. Other animals feel many of the same things that we do, and deserve to lead full and happy lives.

Recent scientific results, and countless examples from everyday life, constantly remind us that we’re only scratching the surface of what our non-human cousins can do. 

Solution


FluentPet: a catalyst for communication

Together, we can achieve rich communication with animals

CleverPet is a San Diego company founded by cognitive scientists that designs and manufactures the FluentPet System. FluentPet is a system of recordable sound buttons and connecting HexTiles that enables dogs, cats, and other animals to express themselves and be understood by humans.

FluentPet uses cognitive science and academic research to make teaching, learning, and communicating easier:

  • Neuroscience-aligned hexagonal organization inspired by the brain’s grid cell space representation system

  • Word groupings make concepts easier to find, remember, and categorize

  • Design enables progressive, organic soundboard expansion with a growing vocabulary

Product


Customizable design supports a 100+ word vocabulary

We've known for millennia that dogs can recognize the words we say. With FluentPet customizable sound buttons and HexTiles, they can “say” words too!

  • Step 1: Customers record words on our sound buttons and arrange them on HexTiles. 

  • Step 2: Customers teach by modeling words, pressing buttons when performing meaningful actions (e.g. “outside” when going outside). 

  • Step 3: Animals learn to press buttons on their own, using several buttons together for more complex communication.

Our system structures and accelerates this process by organizing sound buttons into groups. This helps learners (and their teachers!) more easily remember where buttons are, and recognize how concepts cluster together.

Traction


Our second innovative product

Profitable from Day One

Our first product, the CleverPet Hub, broke new ground as the world’s first game console for dogs. With our latest brand FluentPet, we’ve achieved:

  • $3,300,000+ trailing 12-month revenue as of June 2021

  • $356,000 Q1 2021 income

  • Revenue-to-marketing ratio > 10:1

  • $0 ad spend thanks to #1 search engine ranking

  • Ongoing research collaboration with a Tier 1 university 

The FluentPet System and associated research project have been featured in dozens of news outlets—Buzzfeed, WSJ, NYT, The Economist—thanks in part to viral TikTok sensation @whataboutbunny.

With 6.7M+ followers and 143M+ likes, Bunny is an example of success with FluentPet who has ignited the imaginations of dog lovers around the world.

Customers


Part of a thriving community

We have sold FluentPet Systems to 40K+ customers, and have a mailing list of 100K+. Our affiliate program is an important part of our strategy, driving customer acquisition through social media.

At How.TheyCanTalk.org, we have developed an online community and scientific research project with 3000+ enrolled participants and growing. Users share tips, tricks, photos, and stories, and every week they document new and surprising button behaviors for analysis by our research team. We are committed to submitting multiple articles for peer review, planning for a minimum of three over the next 12 months. 

Our thriving user community is an incredible asset for our brand’s market growth and user retention prospects.


Business model


International, profitable, protectable

We sell direct to consumers around the world through our site Fluent.Pet; when we have a sufficient supply of inventory, we will partner with other retailers. Additional global expansion is planned later this year.

Constant negotiation and cost refinement with our manufacturers helps us stay price competitive and profitable. Our 40,000+ orders have an average value of $110+. Existing customers purchase additional HexTiles and buttons to expand their learner’s vocabulary, providing a source of recurring revenue. 

We are currently investing in patents and trademarks, and developing advanced hardware and a rich technology ecosystem: building a protectable business that will withstand knock-offs. 

Market


$232B in projected pet spending for 2021

Top down

Despite the economic uncertainties caused by a worldwide health crisis, people are spending more than ever on their pets. According to an analysis by Global Market Insights, the global pet care market is expected to grow from $216B to $232B in 2021.

This upward trajectory shows no signs of slowing: by 2027, pet care sales could reach upwards of $350B worldwide.

Bottom up

There are 63.4M US households with at least one dog. The Lifetime Customer Value for a dog learning 60 buttons—Bunny has more than 80!—is $500+ over a 12 year average canine lifespan, or more than $41/year.

63.4M households spending $41/year+ would suggest a potential Total Addressable Market of $2.6B per year in the US alone.

Competition


Creating our own category: Intelligent Pet

Generic recordable sound buttons are widely available. However, only FluentPet products have been designed with two-way human-to-dog communication in mind.

The FluentPet brand has led in design, research, and time to market, and has brought together the world’s most advanced community of button teachers. With our company advisor backgrounds in artificial intelligence and computational neuroscience, we see a range of unique opportunities to integrate data from a range of different markets. In doing so, we plan to continue our rapid pace of development, releasing a range of new hardware and software products (such as our upcoming mobile app) to add further protectible value.

Vision and strategy


Touching lives around the world

We are a company that combines best-in-class product development with rigorous, ground-breaking scientific research, to deliver on our mission of communication with other species while sustaining a rapidly growing business.

Our success has the potential to disrupt the existing pet industry. Its impact could extend to:

  • Everyday dog training, care, and supervision

  • Work with service dogs and support animals

  • Viral animal personalities and “influencers”

  • Entire new industries of physical and digital products

Above all, we envision a world where FluentPet is the interface enabling radically higher bandwidth communication between humans and the animals we live with, profoundly enriching both their lives and our own. 

Funding


$2M+ funding, backed by angels and micro-VCs

Individuals and firms backing CleverPet and FluentPet include:

  • Ruvento Ventures

  • Techstars & Qualcomm Robotics Accelerator

  • Asimov Ventures

  • EvoNexus

  • Employee #1 at Facebook

  • A Senior Research Scientist at DeepMind

  • Founders of Synthego and Celo

Founders


Our company was founded by a team of cognitive scientists convinced that the animals we live with have incredible potential. 

Founder and CEO Leo Trottier studied cognitive science and A.I. at the University of Toronto, and from there went straight to UC San Diego’s PhD program in cognitive science. He left the program to found CleverPet, and has since led a successful Kickstarter campaign, raised over $2M in investor funding, and launched the CleverPet Hub. He holds numerous patents and is Co-Director of the How.TheyCanTalk Research Initiative.

CleverPet advisors include:

  • Mike Nuttall (Co-Founder, IDEO)

  • Dr. Timothy Lillicrap (Senior Research Scientist, DeepMind)

  • Prof. Terrence Sejnowski (Computational Neurobiology Lab, Salk Institute for Biological Studies)

The CleverPet journey

The idea of making technology for dogs and cats came from a lightbulb moment in 2011: the realization that the 3D depth cameras (like the Microsoft Kinect) found in millions of homes were the first animal-friendly computer interfaces. With some software and a smart food reward device, every home could be turned into an all-day interactive playground for the animals who live there.

To get traction as quickly as possible, we decided to start with a simple touch-based game console that engages dogs using lights and sounds. The result was the CleverPet Hub, which made us the first company in history to remotely train thousands of dogs automatically at home. 

This experience taught us an enormous amount about the rapidly developing “Intelligent Pet” product category. When it was demonstrated in the fall of 2019 that anyone could teach a dog to “talk” with recordable sound buttons, we saw enormous potential to apply everything we’d learned. 

Deal terms


Minimum investment

$100

The smallest investment amount that FluentPet is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
FluentPet needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Stock Purchase Agreement

Crowd SPA (Stock Purchase Agreement) is a simple agreement to acquire an ownership stake in a corporation.
Learn more

Valuation

$16,000,000

The stated valuation of the company before any subscriptions are taken in to account. Each dollar invested in FluentPet will increase the valuation by that same amount, assuming the offering is successful.
Learn more

Price per security

$3.3579

The price of each unit of stock.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by CleverPet, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
FluentPet FluentPet SPA CleverPet Form C.pdf

Bonus perks

In addition to your Stock Purchase Agreement, you'll receive perks for investing in FluentPet.
Invest
$250
Receive
  • 2 x $25 off a purchase of $100 or more
206 investors
Invest
$500
Receive
  • 1 x $200 discount code
  • Limited (44 left of 250)
135 investors
Invest
$1,000
Receive
  • 2 x $200 discount code
  • 1 x $100 discount code
  • Limited (15 left of 150)
Invest
$2,200
Receive
  • 1 "They Can Talk" kit (32 buttons, 10 HexTiles), delivered to your house
  • 3 x $50 off a purchase of $100 or more
  • 1 x $100 off a purchase of $200 or more
Invest
$5,000
Receive
  • 1 "They Can Talk" kit (32 buttons, 10 HexTiles)
  • 1 x $100 off a purchase of $200 or more
  • 25% off discount on any purchase for 6 months
Invest
$10,000
Receive
  • One of each kit (Tester, Get Started Basic Vocab, They Can Talk)
  • 25% lifetime discount
1 investor
Invest
$25,000
Receive
  • One of each kit (Tester, Get Started Basic Vocab, They Can Talk)
  • 25% lifetime discount
  • 1:1 call with Founder and CEO Leo Trottier
  • Limited (4 left of 5)
1 investor
Invest
$50,000
Receive
  • One of each kit (Tester, Get Started Basic Vocab, They Can Talk)
  • 25% lifetime discount
  • 1:1 call with Alexis Devine and Bunny + Founder and CEO Leo Trottier
  • Limited (3 left of 4)
Invest
$100,000
Receive
  • One of each kit (Tester, Get Started Basic Vocab, They Can Talk)
  • 25% lifetime discount
  • Dinner in Seattle/Tacoma with Alexis Devine (@whataboutbunny) and Founder/CEO Leo Trottier
  • Limited (2 left of 2)

About FluentPet

Legal Name
CleverPet, Inc.
Founded
Sep 2015
Form
California Corporation
Employees
8
Website
fluent.pet
Social Media
Headquarters
Google Map location of of FluentPet
4452 Park Boulevard , San Diego, CA
Headquarters
4452 Park Boulevard, San Diego, CA, United States 92116

FluentPet Team
Everyone helping build FluentPet, not limited to employees

Profile picture of Leo Trottier
Leo Trottier
Founder and CEO
Product Developer, and Cognitive Scientist trained at the University of Toronto and UC San Diego
Profile picture of Jelmer Tiete
Jelmer Tiete
Hardware and Manufacturing Lead
PhD Cand., Vrije Universiteit Brussel
Profile picture of Alexis Devine
Alexis Devine
Lead FluentPet Guide
Artist and teacher of Bunny the Dog (@whataboutbunny)
Profile picture of Kellie Marks
Kellie Marks
How.TheyCanTalk.org Lead
Profile picture of Jack Terwilliger
Jack Terwilliger
How.TheyCanTalk Data Science
Profile picture of Amalia Bastos
Amalia Bastos
How.TheyCanTalk Researcher
Profile picture of Gabriella Smith
Gabriella Smith
How.TheyCanTalk Researcher
Profile picture of Melody Wu
Melody Wu
Customer Happiness
Profile picture of Irene Hou
Irene Hou
UI/UX Intern
Profile picture of Katreen Jumilla
Katreen Jumilla
Executive Assistant
Profile picture of Eden  Pancho
Eden Pancho
Marketing
Profile picture of Ashley Evenson
Ashley Evenson
How.TheyCanTalk Researcher
9 more team members
Leo Trottier
Founder and CEO
Kellie Marks
How.TheyCanTalk.org Lead
Jack Terwilliger
How.TheyCanTalk Data Science
Amalia Bastos
How.TheyCanTalk Researcher
Gabriella Smith
How.TheyCanTalk Researcher
Jelmer Tiete
Hardware and Manufacturing Lead
Melody Wu
Customer Happiness
Irene Hou
UI/UX Intern
Katreen Jumilla
Executive Assistant
Alexis Devine
Lead FluentPet Guide
Eden Pancho
Marketing
Ashley Evenson
How.TheyCanTalk Researcher

Press

Meet Dewey, Iowa City's golden doodle who uses 58 buttons...
Des Moines Register
·
Jul 19, 2021

One of the most fascinating conversations Lindsay Mattock has had with Dewey, a 5-year-old golden doodle, took place when...

Meet Bunny, the TikTok famous 'talking' dog, who uses but...
Insider Insider
·
Jun 21, 2021

Bunny, a dog who can communicate using sound-making buttons, has over 5.7 million followers on TikTok. Her owner, Alexis ...

The 'Talking' Dog of TikTok
Nytimes Nytimes
·
May 27, 2021

Bunny, an internet-famous sheepadoodle, has brought attention to a new area of study within animal cognition: the use of ...

How Bunny the talking dog captured the internet and scien...
Salon Salon
·
Dec 20, 2020

Many of us have seen a dog stare at themselves in the mirror, sometimes placing a paw on the glass. This kind of behavior...

Bored? These Americans are teaching their dogs to talk
the Guardian the Guardian
·
Dec 8, 2020

here are plenty of reasons why we talk to our pets. Some research suggests our chattiness can be motivated by loneliness,...

How Bunny the dog is pushing scientists' buttons
The Verge The Verge
·
Nov 11, 2020

Bunny the dog is famous on TikTok for her ability to use buttons to "speak." She is part of a research project by UC San ...

What if your pet could 'talk'?
BBC News BBC News
·
Nov 2, 2020

It's hard enough training your dog to respond to "sit" but now there may be a new way for your pets to communicate.

New tech aims to enhance pet-human communication - Market...
Marketplace Marketplace
·
Oct 13, 2020

Christina Hunger is a speech-language pathologist who works with kids. She helps them find other ways of communicating be...

Tired of the People in Your Family? Some Are Teaching The...
WSJ WSJ
·
Aug 14, 2020

Kaili Smalley says it took 18 days to get her 8-year-old German shepherd to talk to her. The New York University grad stu...

Can Bunny the Talking Dog Really Talk?
Vice Vice
·
Apr 6, 2020

Illustration by Cathryn Virginia Bunny is more than an internet celebrity, she is part of the latest attempt to research ...

'GMA' Pet of the Week: Meet a dog named Bunny
Good Morning America Good Morning America

Bunny, a "sheepadoodle," was taught how to "speak" by her owner, and their conversations have gone viral on TikTok.

Pet owners are teaching their animals to 'talk' through t...
NBC News NBC News

How much do dogs understand and can you teach them to communicate? NBC's Savannah Sellers takes a look at a study of pet ...

This Device Wants to Teach Your Dog to 'Talk' to You
This Dogs Life This Dogs Life

Ever had a one-sided conversation with your dog and wished she could speak to you? Well, you may not have to wish anymore...

What 'talking' dogs and cats could tell veterinarians
Vin Vin

Potential for pets to communicate using human language subject of global study Imagine that a pet dog has undiagnosed can...

Show all
Logo of FluentPet

FluentPet

FluentPet successfully raised $742,514 from 1090 investors on January 1, 2022
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Elise, Nina, Bill, Brayan, Christopher, and 1085 others invested. 397 Reviews
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