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Wednesday, May 29, 2024

Charlotte-based Petfolk raises $35 million from investors

A Charlotte-based company specializing in pet care raised $35 million from investors, according to a Securities and Exchange Commission filing on Monday.

Petfolk raised the money from 15 investors and would like to raise an additional $5 million, according to the filing.

The company’s founder and CEO is Audrey Wystrach, who started the company in 2019. She previously was chief operating officer of Austin, Texas-based ZippiVet and a veterinarian for Banfield Pet Hospital. She also owned a mobile concierge vet service in Arizona.

Her brother, Michael Wystrach, is also an executive and director of the company. Michael Wystrach was most recently the CEO and founder of the prepared meal delivery subscription service, Freshly, which he sold for $1.5 billion to Nestle in 2020.

A year ago, Petfolk raised $40 million in a Series A that included country music stars and NASCAR drivers such as Miranda LambertDierks BentleyJimmie Johnson and Danica Patrick

Petfolk operates vet centers in Charlotte, Raleigh, Orlando, Dallas, Atlanta and Miami, as well as mobile vet operations. In Charlotte, the mobile vet operates in a CVS parking lot.

The largest vet hospital operator in the country is VCA Animal Hospitals, which is based in Los Angeles and has 13 North Carolina locations.

 

Chris Roush
Chris Roush
Chris Roush is executive editor of Business North Carolina. He can be reached at croush@businessnc.com.

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