PetWise

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PetWise - overview

Established

1989

Location

Mundelein, IL, US

Primary Industry

Consumer Products

About

Established in 1989 and headquartered in Novato, California, PetWise focuses on providing quality pet products that enhance the bond between pets and their owners, offering a range of healthful treats and travel solutions for pet parents. PetWise is a company dedicated to the development of pet products that improve pet-owner relationships. Founded in 1989, the company is based in Novato, California. In April 2022, Worldwise, Inc.


, a portfolio company of CapStreet Group and Mistral Equity Partners, acquired Pet Factory, though the financial terms of this deal were not disclosed. The company's founder's details are not publicly available, indicating limited information on prior ventures or personal history. PetWise specializes in a diverse range of high-quality pet products designed to enhance the relationship between pets and their owners. The company's core offerings include Treatly, a brand of all-natural pet chews and treats made from time-tested ingredients, which cater to pet parents looking for healthy and long-lasting options for their pets.


Additionally, PetWise produces Sherpa travel products, which prioritize pet safety and comfort during travel. These products are developed based on extensive research and decades of expertise in pet care, targeting pet owners who value safety and sustainability. The company serves a broad customer base across various geographical markets, focusing on North America and select international regions, ensuring their products meet the needs of the modern pet parent. PetWise generates revenue through direct-to-consumer sales and partnerships with retailers, offering a range of products that appeal to pet owners seeking quality and innovation.


The company's transactions are structured primarily through retail partnerships, providing accessibility to customers in physical and online stores. PetWise's flagship products, such as Treatly pet treats and Sherpa travel products, are central to its revenue model, attracting both individual consumers and pet specialty retailers. By maintaining a commitment to environmental responsibility and safety compliance, PetWise positions its products favorably in the market, bolstering customer trust and loyalty. The firm backs its offerings with a customer-friendly money-back guarantee, reinforcing its dedication to quality and consumer satisfaction.


PetWise aims to innovate its product line, focusing on the development of new pet care items that emphasize health and sustainability. The company is also exploring expansion into additional markets, particularly targeting specific international regions by the end of 2023. The acquisition by Worldwise, Inc. in April 2022 is expected to provide the necessary financial support for these initiatives, enhancing their product offerings and market reach.


Current Investors

Worldwise, Inc.

Primary Industry

Consumer Products

Sub Industries

Pet Products, Retail

Website

www.petwisebrands.com/

Company Stage

Add-on

Total Amount Raised

Subscriber access only

PetWise - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedPetWise-

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