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
Sabrinaheadshot300x300

What are We Selling?

Sabrina Davis - Port City Signs & Graphics
Brett

College Corner: Is it a Bad Idea to Have Assets in my Child’s Name for College Planning?

Brett Tushingham - Tushingham Wealth Strategies
Nealjohnson 12191614553

Add Value to Your Home with a Fire Pit

Neal Johnson - Network Real Estate

Trending News

NHRMC Buys Wilmington Property From International Paper

Cece Nunn - Aug 15, 2018

Untappd Leads Pack Of Local Firms On Inc. 5000 List

Christina Haley O'Neal - Aug 15, 2018

Wilmington Brewing Co. Plans Expansion

Christina Haley O'Neal - Aug 16, 2018

Trampoline Park To Open Saturday At Mayfaire

Johanna Cano - Aug 16, 2018

Law Firm Moves To Murchison Building

Johanna Cano - Aug 15, 2018

In The Current Issue

Tariffs Could Impact FTZ Business Benefits

Local and national trade experts say that Foreign Trade Zones can be a tool for local companies to utilize in global business, but whether i...


Woman Owned Businesses On The Rise

Women are starting and growing their businesses at a rapid pace in the state, including in a variety of sectors in the Wilmington area....


Record Rainfall Bogs Down Construction

Record rainfall this summer in Wilmington is not just dampening spirits and dousing beach vacations. The weather is also affecting commercia...

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