Petnostics, founded by Stephen Chen in 2015, aimed to revolutionize pet healthcare with its at-home urine test kits for pets.
After appearing on Shark Tank in 2016, Chen secured a deal with Lori Greiner and Kevin O’Leary for $300,000 in exchange for 20% equity, although the deal ultimately fell through.
The company later partnered with Fetch for Pets to expand distribution. Despite early success, including $250,000 in annual revenue, Petnostics shut down in 2022. Its net worth before closure was around $5 million.
Petnostics Net Worth
| Estimated Net worth | $5 million (2022) |
| Annual Sales Revenue | Not Publicly Available |
| Lifetime sales | Not Publicly Available |
| Investor | A pet urine sample technology for monitoring your pet’s health |
| Founder | Stephen Chen |
| Employees | Not Publicly Available |
Petnostics Pitch on Shark Tank
| Company name | Petnostics |
| Product | Pet urine sample technology for monitoring your pet’s health |
| Episode | Season 7 Episode 24 |
| Founder | Stephen Chen |
| Asked for | $300,000 for 10% Equity |
| Final deal | $300,000 for 20% Equity |
| Sharks | Lori Greiner and Kevin O’Leary |
| Location | Anaheim, California |
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Petnostics Founder
Petnostics was founded by Stephen Chen in 2013. Stephen Chen is an animal lover who wanted to make it easy for pet owners to find the best products and services for their furry friends. Petnostics’s founder, Stephen Chen’s net worth is unknown as of 2024, since the business is no longer functioning.
Key accomplishments
| Year | Accomplishment |
| 2016 | Appeared on Shark Tank season 7 and Lori Greiner and Kevin O’Leary invested $300,000 for 20% Equity. |
| 2015 | Petnostics was named one of the “50 Fastest Growing Companies in Retail” by Stores magazine. |
| 2016 | Petnostics was awarded the “Etailer of the Year” award by the Pet Care Industry Association. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Petnostics and its continued success.