Butternut Box raises £40m in Series D funding led by L Catterton to drive expansion
The fresh dog food brand secured backing from L Catterton alongside existing investors White Star Capital, Five Seasons Ventures and Passion Capital.
Butternut Box is a direct-to-consumer brand providing fresh, human-grade dog food across the UK and Europe. The company uses a digital-first approach and personalised dietary offerings to serve pet owners.
Butternut Box has secured £40m in a Series D funding round led by L Catterton. Existing backers White Star Capital, Five Seasons Ventures and Passion Capital also participated in the financing.
The fresh dog food provider will direct the capital towards operational enhancements, product development and expansion into new markets and channels. Founded in 2016, the firm has built a strong brand presence across the UK and Europe through its personalised dietary offerings and bespoke production facilities.
The latest investment follows a period of scaling for the digital-first brand, which continues to develop its platform and manufacturing capabilities. The backing from its international syndicate of investors will support further domestic and cross-border growth.
From the founder
"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."
David Nolan
Co-founder at Butternut Box
Investor perspective
"We have long been impressed by how Butternut Box has established itself as the trusted brand of choice in the UK among a loyal base of pet owners, and we are thrilled to strengthen our partnership further with this latest round of funding. Butternut Box continues to leverage its innovative digital platform to raise the bar in the growing pet food market, and we look forward to collaborating with the entire Butternut team as they work to build on their considerable momentum."
Jean-Philippe Barade
Partner and head of London office, L Catterton
Use of funds
- 01Scale operations
- 02Continue product development
- 03Expand into international markets
Investors
Jean-Philippe Barade
L Catterton
Eric Martineau-Fortin
White Star Capital
Ivan Farneti
Five Seasons Ventures
Passion Capital
About the company
Butternut Box
Butternut Box supplies fresh, human-grade dog food through a digital-first subscription service.