Petzey Technology
Early Stage
Pet health
Overview
Raised: $32,808
Total Commitments ($USD)
Platform
Netcapital
Start Date
03/30/2022
Close Date
11/30/2022
Min. Goal
$10,001
Max. Goal
$1,070,000
Min. Investment
$99
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.62
Pre-Money Valuation
$9,965,478
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/04/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$134
Momentum
Funded
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Year Founded
2017
Industry
Pet Health, Food, and Services
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Petzey Technology, with a valuation of $9.9 million, is raising funds on NetCapital. The company has developed an app that makes pet care easy by connecting pet parents with veterinary professionals. Petzey Technology is helping to meet the increasing demand for veterinary professionals at just $20 per consultation. Petzey Technology has completed MVP 1 and Version v1 of the app and recruited the initial network of virtual veterinary professionals in all 50 states. Mike Ortega founded Petzey Technology in September 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for app development, employee salaries, marketing, and professional services.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,028,699 |
$-1,569,712 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$177,417 |
$217,418 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$177,989 |
$229,042 |
|
Short-Term Debt |
$113,360 |
$83,330 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$113,360 |
$83,330 |
Financials as of: 03/30/2022
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