The fresh dog food brand secured backing from L Catterton alongside existing investors White Star Capital, Five Seasons Ventures and Passion Capital.
"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 pre-seed round was led by Speedinvest with backing from high profile angel investors.
"When a world class team of repeat founders builds a well differentiated product in a huge, under-digitized market, it’s a no brainer to partner with them. We’re beyond excited to be on board and look forward to supporting them in building a category leader."
The Middlesbrough pricing software developer has raised further backing from the Northern Powerhouse Investment Fund.
"Bubo.AI is the only AI-driven pricing software that takes the perceived value to customers into account. We have been delighted by the awards and other recognition we have received so far. This funding will allow us to maintain our position at the leading edge of AI and establish the software as the world leader in its field."
Ascension's Fair By Design fund led the pre-seed round, with participation from Ada Ventures, Redrice Ventures and True.
"While dialogue around an ageing population focuses on the growing burden on health services, my experience sees a generation of people with more energy, desire for life and time than ever before,"