Worldwise, Inc.
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Worldwise, Inc. - overview
Established
1990
Location
Novato, CA, US
Primary Industry
Consumer Products
About
Based in the US, Worldwise, Inc. is a supplier of innovative pet products, specializing in high-quality pet treats and travel accessories that enhance pet owner experiences and promote pet well-being. Worldwise, Inc. is a specialized supplier of pet products, established in 1990 in Novato, US.
The company was co-founded by Aaron Lamstein and currently led by CEO Kevin Fick. As of September 28, 2021, Worldwise was acquired by Alvarez & Marsal Capital, with financial terms undisclosed. The firm has participated in 5 deals to date. Worldwise, Inc.
operates under the brand PetWise, which specializes in a diverse range of high-quality pet products, primarily focusing on pet treats and travel accessories. Their flagship offerings include Treatly, a new brand of all-natural pet chews and treats made from premium ingredients, and Sherpa travel products aimed at enhancing pet safety and comfort during travel. These products cater to a global market, with distribution channels extending across North America, Europe, and parts of Asia, targeting both individual pet owners and retailers. Worldwise, Inc.
generates revenue through a combination of direct-to-consumer sales and partnerships with retailers and wholesalers. This structure allows for a seamless purchasing experience, enabling pet owners to acquire products from both physical and online retail outlets. The primary revenue stream is driven by the sale of its brands, including Treatly and Sherpa. While specific pricing structures have not been disclosed, the company's commitment to sustainability and quality ensures a balance between affordability and premium offerings, supported by a 100% money-back guarantee to enhance customer confidence.
Worldwise, Inc. plans to leverage recent funding from its acquisition to support the development and launch of new products under the PetWise brand, focusing on expanding its line of all-natural pet treats. Additionally, the company aims to enter new geographic markets, specifically targeting expanded distribution in Europe and parts of Asia by 2023. The recent financial backing is expected to facilitate these initiatives, further enhancing their product offerings and market reach.
Current Investors
Alvarez & Marsal Capital, Mistral Equity Partners
Primary Industry
Consumer Products
Sub Industries
Pet Products, Consumer Services
Website
www.worldwise.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Worldwise, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Dähne Vaerlag GmbH | - | ||||||||
| Buyout | Completed | Worldwise, Inc. | - | ||||||||
| Secondary Buyout | Completed | Worldwise, Inc. / Quaker Pet Group | - | ||||||||
| Private Debt | Completed | Worldwise, Inc. | - | ||||||||
| Private Debt | Completed | Worldwise, Inc. | - |
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