About Petfolk
Petfolk is a company based in Charlotte (United States) founded in 2015 by Michael Wystrach and Audrey Wystrach.. Petfolk has raised $116 million across 3 funding rounds from investors including Deerfield, Movendo Capital and White Star Capital. The company has 101 employees as of December 31, 2022.
- Headquarter Charlotte, United States
- Employees 101 as on 31 Dec, 2022
- Founders Michael Wystrach, Audrey Wystrach
-
Sectors
Healthcare
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$116 M (USD)
in 3 rounds
-
Latest Funding Round
$36 M (USD), Series C
Oct 04, 2024
-
Investors
Deerfield
& 22 more
-
Employee Count
101
as on Dec 31, 2022
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
Funding Insights of Petfolk
Petfolk has successfully raised a total of $116M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $36 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $36.0M
-
First Round
First Round
(24 Aug 2022)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series C - Petfolk | Valuation | Deerfield | |
| Jul, 2023 | Amount | Series B - Petfolk | Valuation | Movendo Capital | |
| Aug, 2022 | Amount | Series A - Petfolk | Valuation | White Star Capital , Michael Wystrach |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Petfolk
Petfolk has secured backing from 23 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Deerfield, Movendo Capital and White Star Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Healthcare ecosystem is supported through investment and innovation by Deerfield.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location | |
|
A global technology investment platform operating in multiple cities with a focus on venture and digital asset funds.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Petfolk
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Petfolk
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Petfolk Comparisons
Competitors of Petfolk
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Petfolk
When was Petfolk founded?
Petfolk was founded in 2015 and raised its 1st funding round 7 years after it was founded.
Where is Petfolk located?
Petfolk is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Who is the current CEO of Petfolk?
Michael Wystrach is the current CEO of Petfolk. They have also founded this company.
Is Petfolk a funded company?
Petfolk is a funded company, having raised a total of $116M across 3 funding rounds to date. The company's 1st funding round was a Series A of $40M, raised on Aug 24, 2022.
How many employees does Petfolk have?
As of Dec 31, 2022, the latest employee count at Petfolk is 101.
What does Petfolk do?
Petfolk was founded in 2015 and is headquartered in Charlotte, United States. Operations focus on the veterinary services sector, where surgery, dental care, and behavioral training for pets are delivered. These services address essential healthcare needs for animals, with a presence established in the local market to support pet owners through specialized care options.
Who are Petfolk's investors?
Petfolk has 23 investors. Key investors include Deerfield, Movendo Capital, White Star Capital, Idea Farm Ventures, and Parkview International.