Tech Startup Petrics Raises Over $650,000

By Addison Lalier, posted Oct 27, 2017

Petrics Inc., a Wilmington-based pet technology startup, raised over $650,000 in a private equity offering, according to a filing with the Securities and Exchange Commission.

Petrics is a pet health company that develops digital products and software that allows owners to manage, track and respond to their pets’ health needs.

The Petrics mobile app is the company’s first product. It includes information on food ingredients, nutrition data and sends owners alerts of upcoming appointments, food recalls and medication refills. The app is not yet available for download.

Founded in 2015, the company intends to raise a total of $673,753, with $21,295 remaining to be sold, through eight investors.

In early 2018, Petrics will launch the first smart bed that offers a climate control feature and tracks your pet’s weight and activity. The bed will connect to the Activity Tracker in the mobile app.

Petrics did not disclose what it intended to do with the funds.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

The filing can be found here.

This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism.

Ico insights


Lgoriginalheadshot 311794626

National Nutrition Month: ‘Go Further with Food’

Laura Bransfield - Summerfield Custom Wellness
Headshot 131850046

The Compromise: Location, Location, Location

Kirk Pugh - KBT Realty
Jim ellis headshot 10311631058

Second Helpings:How to Repurpose Content

Jim Ellis - Signal

Trending News

ILM Set To Get New Jet Bridge, Readies For United

Christina Haley O'Neal - Mar 21, 2018

Washington NC-based Meal Prep Service Opens Wilmington Location

Jessica Maurer - Mar 21, 2018

Open Air Dining And Drinks At Cloud 9 Rooftop Bar

Jessica Maurer - Mar 21, 2018

Nori Asian Fusion & Sushi Bar Now Open At The Pointe At Barclay

Jessica Maurer - Mar 21, 2018

GE Aviation Invested $36M In Wilmington Last Year

Christina Haley O'Neal - Mar 20, 2018

In The Current Issue

GE Hitachi’s Power Struggle

Changes in the nuclear energy industry are shifting the stakes for companies like Wilmington-headquartered GE Hitachi in the United States a...

In-home Service Firms Merge

Two Leland-based businesses that provide a range of in home care services are poised for future growth with the recent announcement of their...

Partnership Aims To Speed, Enhance NCino Services

The firm announced that it is teaming up with Enforce LLC, a San Francisco-based consulting firm specializing in the implementation of cloud...

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!



WilmingtonBiz Expo - Keynote Lunch with John Gizdic, CEO, New Hanover Regional Medical Center
Wilmington's Most Intriguing People of 2017
2017 Health Care Heroes