Butternut Box, the DTC fresh dog food brand, raises £40m
The direct-to-consumer fresh dog food brand will use the capital injection to fund its growth in the UK and across Europe.
Founded in 2016, Butternut Box has a digital-first approach and a highly personalised dietary offering.
Butternut Box co-founder David Nolan said; “Butternut is driven by our founding purpose – to deliver health and happiness to dogs and their humans all over the world. We are delighted about the recent investment as it will facilitate us caring for more dogs than ever before.”
The financing round is led by the European fund of L Catterton, the largest global consumer-focused private equity firm.
“In the last 12 months, Butternut Box has built a unique pet food production facility, designed from the ground up for D2C distribution of fresh pet food,” said Ivan Farneti, Managing Partner at Five Seasons Ventures, one of the other investors. “We are very excited for all the additional learnings and IP we are going to create in the coming years as the team steps up the growth both domestically and internationally.”