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
Martyheadshot

Go Green With Your IT

Marty Cayton - TeamLogic IT of Wilmington & Fayetteville
1 shaun olsen 300x300

Marco Marsala: A Cautionary Tale

Shaun Olsen - CloudWyze
Dave hoff heashot 300x300

Defensiveness: The Enemy of Learning Agility

Dave Hoff - EASI Consult

Trending News

Downtown Hilton Rebranding, Undergoing $8.5M Renovation

Cece Nunn - Nov 17, 2017

Feeding Frenzy

Allison Ballard - Nov 17, 2017

Shallotte Community To Feature Solar Energy, Clean Water Systems

Cece Nunn - Nov 17, 2017

Downtown Growing Into 24-Hour Hub

Christina Haley O'Neal - Nov 17, 2017

First-Time Homebuyers Face Challenges

Cece Nunn - Nov 17, 2017

In The Current Issue

Going Online For Animal Welfare

Janelle Babington bears such passion for animals that she made it her business to channel money to animal welfare organizations. She launche...


Builder Aims To Create Apartment ‘Gems’

In a shady area surrounded by trees just off South 17th Street, builders found a real estate equivalent to a diamond in the rough. Plantatio...


Feeding Frenzy

Those who’ve worked around the local restaurant scene for years, or decades, have seen the constant stream of eateries that open in the area...

Book On Business

The 2017 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2017 Health Care Heroes
Major Developments
WilmingtonBiz Expo - Key Note Lunch with Keynote Lunch with Chip Mahan - 2016