Investor data room · Pre-seed

Purrs ID.

The identity rail for Europe's cats.

Regulation (EU) 2026/1818 v4.0 · August 2026
01The railRegulation → company

Every cat in the EU is about to need a legal identity

Regulation (EU) 2026/1818, the first EU law that reaches cats directly, was published in the Official Journal on 10 August 2026 and enters into force on 30 August. The obligations ladder up: general application 2028, identification + registration for any cat placed on the market by 2030, database interoperability and ad-verification tokens by 2031, every pet cat by 2041. And it reaches much further than commercial breeding.

Under the final text, any ownership transfer, paid or free, is "placing on the market"; only occasional offline private donations are exempt, and posting online is squarely in scope. "Shelter" expressly includes households, "operator" covers anyone placing cats into foster homes, and from 2030 every marketed cat must be microchipped and registered before it changes hands. From 2031, every online listing carries a token from the EU verification system, and platforms must check it.

The informal channels where most European cats change hands today (Facebook groups, generic classifieds) become non-compliant by construction, and every home rescuer becomes a lightly regulated operator who needs tools nobody has built.

In forceAug 30, 2026 General applicationad warning texts ID + registrationto place on the market Interoperability ·EU ad tokens All pet catsconsumer window 20262028203020312041
Regulation (EU) 2026/1818 · the application ladder
Free adoption in scope
Giving a cat away is placing on the market
Any transfer counts, paid or free (Art 4(g), 20(7)(a)). Only occasional offline private donations are exempt; posting online is in scope.
Verified ads
Every online listing needs verifiable ID
From 2031 every ad carries a token from the free EU verification system, and platforms must display and check it.
Rescuers = operators
Households and fosters are regulated
Home rescue falls under the light regime (≤15 cats), with a 5-cat foster cap Member States can raise, a national implementation decision worth shaping.
Mandatory identity
Chip + registration for every cat
For anything placed on the market by 2030; every pet cat by 2041. Interoperable national databases by 2031.

Enforcement lands on an unprepared continent: most Member States do not mandate cat identification at all, registries are fragmented country by country, and no common EU index exists until 2031. Our pilot markets are the sharpest version of the gap: Bulgaria has nothing (no registry, no lookup, no Europetnet member), Romania covers dogs only, Greece already lives the end state (cats mandatory since 2021, EMZS, €300 fines). Market obligations land everywhere by 2030; ordinary owners stay voluntary until 2041, a 15-year first-mover window.

EU-27
~81M cats (FEDIAF), most without a legal identity today.
Mandates today
Only a handful of Member States require cat chips; the rest are open markets.
Infrastructure
Registries fragmented by country. The EU index + verification systems arrive 2031, by tender.
The deadline
Placing on the market: 2030–31. Every pet cat: 2041.

Purrs ID is the identity and compliance layer for that world: a standalone infrastructure company, engineered so that compliance is the path of least resistance. It launches through the Purrs adoption platform: a head start the rail is built to outgrow, defined in The launchpad section.

01CHIP AT INTAKEfree chip · partner vets02SCAN-TO-REGISTER<60s scan in the browser03VERIFIED LISTINGbadge on every ad04TRANSFER AT ADOPTIONone-step keeper handover05SYNC & LOOKUPvet-mediated · EU-ready
scan flow validated on 1,905 real photos · 90.7% single-frame

The rail needs three assets that cannot be bought quickly: distribution over cat listings, a verified network of the newly regulated operators, and vet relationships at the exact moment of intake. Purrs ID starts with all three in hand, five years in the making and inherited from day one.

The registry layer is built to published interoperability standards (neutral by design) and positioned for designation as the national cat registry where none exists today. France proves the model: a private operator runs the 42M-animal national file under a ten-year ministerial delegation. Purrs ID is the commercial company on top of it: a listing-verification layer for every platform the regulation touches (voluntary badge today, EU-token integration tomorrow), vet-side tooling, and insurance distribution on the only structured, verified, cat-level dataset in the market.

Greece is the preview. 2030 makes it universal. The rail gets built once, by whoever moves first.

02Business modelOne flywheel

Four engines, one flywheel

Every engine monetizes the same event: a registration creates a captured owner, and an owner is ~€1,000 a year of spend. Insurance and commerce slice that wallet; vet tooling and listing verification are tolls on the rail. The regulation creates mandatory workflows on a statutory timetable.

PURRS ID CAT LUNA CHIP Nº 981 098213 004521 KEEPER I. PETROVA ● REGISTERED
01 FREE CHIP 02 REGISTRATION 03 CAPTURED OWNER 04 WALLET REVENUE funds the next chips €19 in → €10–35/yr out acquisition once · revenue for a cat's lifetime
One loop · revenue funds the next registration · attributed via the Purrs ID pass
Insurance distribution
€30–50 / policy / yr
Recurring commission on policies sold at adoption, the moment owners insure.
Listing verification
Fees / listing
Verified badge for classifieds today; the 2031 EU-token tender later.
Vet tooling
SaaS / clinic
Scan-to-register and transfers in the clinic workflow. Free in the land-grab, priced at scale.
Attributed commerce
1–3% take-rate
Commissions and loyalty partnerships on purchases linked to a registered cat, attributed via the Purrs ID pass.

The business logic in three variables: one we commit to, one five years of platform data already proves, one this round measures. The free chip is the lead magnet that pulls listings out of informal channels; the pilot measures the lift.

Commit · X
6,000 cats registered by M12
A floor: funded capacity is 10,000 chips. Ramps with clinic onboarding; fully in our control.
Evidence · Y
~90% of listings close within 12 months
Five years of listing timestamps. Outcomes are near-certain; today the adopter goes unrecorded; the transfer step closes that loop.
Measure · Z
Z% paid conversion, instrumented from day one
The round funds the machine that measures it. Insurer first.

Scenario architecture: every number is a stated assumption. A registered cat carries ~€1,000 of annual household spend; the engines monetize slices of it, and cohorts stack for a cat's lifetime.

CAC · fully loaded
≈€19
€85k field operations + €30k chips across 6,000 registrations, taken directly from this round's budget.
ARPC · scenarios
€10–35 / cat / yr
Insurance (5–15% attach × €30–50) + commerce take-rate + sponsorship.
LTV : CAC
5–20×
A cat is a 10–15 year relationship: €100–450 lifetime value against ≈€19 acquisition. The flywheel funds its own chips.
≈€90k M12 · 6,000 cats PROOF €3–7M 24–36 mo · 150–300k cats BALKANS €30–100M+ 2030+ · 81M-cat EU EU RAIL illustrative scale
Three horizons · same rail, compounding base
Proof · M12
≈€90k ARR potential
6,000 × ~€15 ARPC + first badge LOIs. Deliberately small: year one buys measured rates.
Balkans · 24–36 mo
€3–7M ARR
150–300k registered (a few % of the region's cats) × €15–25 ARPC + clinic SaaS, before enforcement lands.
EU rail · 2028+
€30–100M+ potential
The regulation forces identity for ~81M EU cats (FEDIAF). 2030–31 obligations land on ~81M-cat Europe. The EU index + verification systems can be tendered out (infrastructure PurrsID positions for), plus ARPC on a compounding base.

81M EU cats × ~€1,000/yr ≈ €80B annual wallet. Identity is the index; Purrs ID monetizes the slices it uniquely sees.

03The launchpadHead start · not dependency

A five-year head start Purrs ID outgrows by design

Purrs ID launches through Purrs, Bulgaria's largest cat adoption platform, licensed long-term at arm's length from the Purrs Foundation, and that's where the rail ignites: ~2,000 cats listed in the last 12 months, a verified rescuer network about to become the regulated operator class, vet relationships at the exact moment of intake, and five years of behavioral data.

Distribution
2,000 listings a year flowing through a funnel Purrs ID instruments from day one.
The operators
The verified rescuer network: the exact population the regulation turns into operators who need tools.
Vet access
Clinic relationships at intake, the moment identity is minted.
Five years of data
The behavioral record behind the ~90% close-rate evidence. No competitor has it.

Launchpad, licensor, and first customer: the platform's own listings run through the same verification layer sold to everyone else.

04RaisePre-seed

€400,000 to build the rail before it's mandatory

Purrs ID is raising €400k on a SAFE: first close and deployment start at €250k committed, round open to €400k. Purrs ID is a standalone commercial company: it holds the rail and the wallet engines, independent of every other Purrs product. The Purrs Foundation is a licensor: it licenses the adoption platform to Purrs ID under a long-term, arm's-length agreement, holds no equity, no board seat, and no veto over financings, exits, or pricing. Target close: 45 days, with rolling SAFE closes from day 30. A lead engineer is already on the build, and the pilot runs in Sofia partner clinics during the raise; diligence tracks a working system.

Raising
€400,000 first close €250k
Instrument
SAFE
Vehicle
Purrs ID standalone OpCo
Target close
45 days rolling from day 30

The expensive parts of a pre-seed (distribution, audience, engineering capacity) are already built and enter the OpCo as deliberate, priced, documented contributions.

Platform & distribution
Five years already invested
purrs.com and purrs.bg, built and operated since 2021 by the Foundation, licensed to Purrs ID. Every listing, adopter, and visit the rail registers into is pre-paid.
Engineering in place
The build team is already working
A lead engineer and senior Elixir capacity are already on the rail. The €140k build line buys output from day one.
Brand & network
The operators are already here
The verified rescuer base, partner vets, and adopter audience the rail registers into: the acquisition cost a cold start would burn the round on.

Effective capital behind this plan is a multiple of the raise. All contributions are papered as commercial contracts (platform license and IP assignment), so nothing in the OpCo runs on invisible goodwill, and no contributor holds governance rights.

Build & engineering: registry spine, scan-to-register, transfer
€140k · 35%
Field operations: vet & rescuer liaisons, clinic onboarding
€85k · 21%
Founder & operations
€60k · 15%
Chips & readers: 10,000 ISO chips, universal scanners
€30k · 7.5%
Legal & regulatory: GDPR, clinic DPAs, БАБХ engagement
€35k · 9%
Runway & contingency: 18 months total
€50k · 12.5%
Now
Team hired and building. Pilot live during the raise: Sofia partner clinics, Purrs-supplied chips, live registrations.
M2
Round closed. Build at full speed on funded runway.
M4
Bulgaria rollout across the rescuer network; pilot KPIs published.
M8
Bulgaria at full velocity. Europetnet application filed; БАБХ engaged with pilot data; non-dilutive top-ups filed.
M12
6,000 cats registered in Bulgaria. Founding-insurer live, attach rate measured; chip partnership signed; classifieds-badge LOIs.
M18
Romania and Greece entered. Registry-designation track open with БАБХ. Seed-ready on measured unit economics.
Chip partner · 1 slot
One manufacturer, three markets
Program-allocated number ranges, readers, and €20–30k of co-funded distribution into three under-chipped markets, on the eve of chipping becoming mandatory EU-wide.
Founding insurer · 1 slot
Category exclusivity on the rail
The registry mints verified, animal-level data at the moment of adoption: the exact dataset a future pet-insurance book underwrites on. Exclusivity carries a cash component alongside the SAFE.
05TeamThe people building Purrs ID

Founders & core team

Biser Zhivkov
Biser Zhivkov
Founder & CEO

Biser is a pragmatic generalist who spent the last decade solving complex problems with tech.

He has led multiple technical initiatives from the ground up for companies like the billion-dollar HEXO, one of Bulgaria’s largest tech retailers, and several pioneering startups.

He owns Purrs ID's product design and the operational systems that will scale the rail to the next level.

Petar Kyosev
Petar Kyosev
General Counsel

Lawyer and three-term Member of the Bulgarian Parliament, having served in the 49th, 50th, and 51st National Assemblies.

Petar provides Purrs ID with a rare combination of legal expertise and lawmaker-level perspective, directly relevant for a company operating at the intersection of data regulation, animal welfare law, and municipal partnerships.

He oversees Purrs ID's legal function, leads regulatory strategy, and advises on government relations and institutional engagement.

Zhora Nersisyan
Zhora Nersisyan
Lead Engineer, Purrs ID

Zhora leads the Purrs ID build: registry spine, scan-to-register, transfer-at-adoption. His background is exactly this shape of problem: distributed real-world systems on Elixir/Phoenix, from IoT payments for vending-machine networks to carrier-grade telecom infrastructure.

He is already on the rail; the pilot ships under his hands during the raise.

Neli Stefanova
Neli Stefanova
Communications Lead

Neli leads communications and content at Purrs ID. She holds a degree in Public Relations and Media from Sofia University and 20+ years in enterprise roles as a supervisor, process owner, and automation lead.

She sets voice and messaging for rescuers, adopters, sponsors, and municipalities; owns localization for new markets; and runs community communications, complaint handling, content strategy, and sponsor partner messaging.

Stiliyan Vatov
Stiliyan Vatov
Software Engineer

Stili is a full-stack developer at Purrs ID and a strong example of next-generation, AI-native engineering, using modern AI tooling end-to-end to ship at a velocity older workflows can't match, without trading off on code quality.

He was a core contributor to the Purrs v1-to-v2 migration onto Elixir/Phoenix, moving the platform onto the concurrent, fault-tolerant foundation that supports its next phase: multi-market expansion, the Purrs ID rail, and growing rescuer and adopter volume.

Yoana Malinova
Yoana Malinova
User Experience Developer

Yoana is Purrs ID's User Experience Developer, a former practicing veterinary doctor who transitioned into software engineering.

At Purrs, she shaped the adopter and rescuer experience across the platform: listing flows, profile detail, and the lifecycle pathways.

Her veterinary background means UX decisions are grounded in domain accuracy and not generic interface logic.

This document is confidential and provided for information purposes only. It does not constitute financial, legal, or tax advice, or an offer of securities. The projections and figures included are illustrative estimates only and should not be relied upon as forecasts.

purrs.com · v4.0 · August 2026 · Confidential