WILMINGTON — Petrics Inc., a pet health company that develops digital products and software, has raised $100,000 in debt from two investors, according to a filing with the Securities and Exchange Commission.
Petrics logo
According to the filing, the company still aims to raise an additional $400,000.
Founded in 2015, the Wilmington-based company creates apps and smart devices empowering pet owners to make more informed lifestyle choices for their animals. Petrics long-term vision is to detect health issues early, enabling preventative care against problems that costs pet owners time, money, vet visits, and eventually their beloved companions lives.
Some of the company’s main offerings include a smart bed,which offers personalized climate control, weight tracking and health monitoring for pets, and a mobile app that centralizes an animals’ healthcare needs.
More information about Petrics can be found on line.
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 on line.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
