Print
Technology

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

INSIGHTS

SPONSORS' CONTENT
Mike stonestreet 300x300

Play it Safe When Planning Summer Celebrations

Mike Stonestreet - CAMS (Community Association Management Services)
Corey61

The Toughest Job There Is

Corey Lewis - Cape Fear Jobs
Rob20beale2 311791810

The Key to Project Success

Rob Beale - W.M. Jordan Company

Trending News

Open For Business: New Announcements (Sept. 19)

Johanna Cano - Sep 19, 2018

Power Outages Remain In New Hanover County

Christina Haley O'Neal - Sep 20, 2018

Tips On What To Do Now For Storm Damage

Vicky Janowski - Sep 19, 2018

Open For Business: New Announcements (Sept. 20)

Johanna Cano - Sep 20, 2018

Downtown Recovery Ongoing, Flooding Still An Issue

Cece Nunn and Christina Haley O'Neal - Sep 19, 2018

In The Current Issue

Info Junkie: Densay Sengsoulavong

Info Junkie Densay Sengsoulavong, Government affairs director for the Cape Fear Realtors Association, on his tech picks...


Investing In Affordable Housing

A recent high-dollar deal in Wilmington represents not only a little more affordable housing in the city but also a good investment for the...


State Releases Visitor Spending Data

Visitor spending increased in Pender County for 2017, with a growth rate that outpaced Brunswick and New Hanover counties, and even the stat...

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!


Galleries

Videos

2018 Power Breakfast - Dishing on the Restaurant Biz
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties
2017 Health Care Heroes