About PetIQ
PetIQ is a company based in Eagle (United States) founded in 2010 by Cord Christensen was acquired by Bansk Group in October 2024.. PetIQ has raised $2 million across 6 funding rounds from investors including Ares Capital Corporation, East West Bank and Eos. The company has 1,933 employees as of December 31, 2023. PetIQ has completed 3 acquisitions, including HBH Enterprises, Rocco & Roxie Supply and VIP Petcare. PetIQ offers products and services including Pet Health Products, Veterinary Services, and Manufacturing and Distribution.
- Headquarter Eagle, United States
- Employees 1933 as on 31 Dec, 2023
- Founders Cord Christensen
- Stage Public
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Petiq, Llc
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Annual Revenue
$1.1 B20as on Dec 31, 2023
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Net Profit
$2.54 M105as on Dec 31, 2023
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EBITDA
$37.07 M284as on Dec 31, 2023
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Total Equity Funding
$2 M (USD)
in 6 rounds
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Latest Funding Round
$125 M (USD), Post-IPO
May 14, 2020
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Investors
Ares Capital Corporation
& 4 more
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Employee Count
1933
as on Dec 31, 2023
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Investments & Acquisitions
HBH Enterprises
& 2 more
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Acquired by
Bansk Group
(Oct 25, 2024)
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Products & Services of PetIQ
PetIQ offers a comprehensive portfolio of products and services, including Pet Health Products, Veterinary Services, and Manufacturing and Distribution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers prescription and over-the-counter pet treatments and treats
Provides preventive care and consultations for pet owners
Handles production and supply of pet health items
Unlock access to complete
Funding Insights of PetIQ
PetIQ has successfully raised a total of $2M across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $125 million completed in May 2020. 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 6
- Last Round Post-IPO — $125.0M
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First Round
First Round
(18 Feb 2011)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Post-IPO - PetIQ | Valuation |
investors |
|
| Jan, 2018 | Amount | Debt – Conventional - PetIQ | Valuation |
investors |
|
| Jun, 2012 | Amount | Debt – Conventional - PetIQ | Valuation |
investors |
| 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 PetIQ
PetIQ has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Ares Capital Corporation, East West Bank and Eos. 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 |
|---|---|---|---|---|
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Private equity and debt investments are managed for businesses.
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Founded Year | Domain | Location | |
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Investment potential is unlocked by Eos through strategic financial solutions.
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Founded Year | Domain | Location | |
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Venture capital investment and entrepreneur support services.
|
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 | |
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Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PetIQ
PetIQ has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include HBH Enterprises, Rocco & Roxie Supply and VIP Petcare. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Brand of pet care products
|
2013 | ||||
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Veterinary clinics are operated as a nationwide chain.
|
1995 | ||||
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Film and television platforms are produced by HBH Enterprises.
|
1988 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - PetIQ
| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Petiq Comparisons
Competitors of PetIQ
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Petiq
Frequently Asked Questions about PetIQ
When was PetIQ founded?
PetIQ was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is PetIQ located?
PetIQ is headquartered in Eagle, United States. It is registered at Eagle, Idaho, United States.
Who is the current CEO of PetIQ?
Cord Christensen is the current CEO of PetIQ. They have also founded this company.
Is PetIQ a funded company?
PetIQ is a funded company, having raised a total of $2M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $20.83M, raised on Feb 18, 2011.
How many employees does PetIQ have?
As of Dec 31, 2023, the latest employee count at PetIQ is 1,933.
What is the annual revenue of PetIQ?
Annual revenue of PetIQ is $1.1B as on Dec 31, 2023.
What does PetIQ do?
PetIQ was founded in 2010 and is headquartered in Eagle, Idaho, USA. Health and wellness products for dogs and cats are manufactured and distributed within the pet care sector. Prescription medications, over-the-counter flea and tick preventatives, and supplements are provided. Brands including Minties, VetIQ, and Betsy Farms are owned, with operations centered in the United States.
What products or services does PetIQ offer?
PetIQ offers Pet Health Products, Veterinary Services, and Manufacturing and Distribution.
How many acquisitions has PetIQ made?
PetIQ has made 3 acquisitions, including HBH Enterprises, Rocco & Roxie Supply, and VIP Petcare.
Who are PetIQ's investors?
PetIQ has 5 investors. Key investors include Ares Capital Corporation, East West Bank, Eos, Highland Capital Partners, and Bansk Group.