Butternut Box secures £280m from General Atlantic and L Catterton to fund European expansion
General Atlantic led the £280m growth financing, which will support European expansion and a new manufacturing facility.
Providing fresh and personalised dog meals through a direct-to-consumer subscription model, Butternut Box operates across multiple European markets.
Butternut Box has secured £280m in fresh capital led by General Atlantic, with continued backing from existing investor L Catterton. The business produces and distributes fresh meals for dogs, serving markets across the UK and continental Europe. The proceeds will be directed towards international expansion and establishing a new European manufacturing facility to support growing demand. The transaction is expected to conclude in the final quarter of the year, subject to regulatory clearance.
From the founder
"We are delighted to now partner with General Atlantic, who is an incredible investor and shares our long-term vision of developing the category of Fresh pet food across Europe. It is also fantastic to receive further support from our long-standing partner, L Catterton who we’ve been proud to work with for several years now and who also believes in the power of Fresh and that we are only really at the starting line. Most notably we are incredibly excited by what this investment will unlock for our customers (dogs and humans) in the years to come as we are nothing without them."
Kevin Glynn
Co-founder at Butternut Box
Investor perspective
"We are very excited to partner with Kevin and David who have reimagined Fresh pet food through Butternut Box’s diversified product portfolio and mission-driven brand,"
Melis Kahya Akar
Managing Director and Head of Consumer for EMEA, General Atlantic
Use of funds
- 01Expand into international markets
- 02Build out infrastructure
Investors
About the company
Butternut Box
Butternut Box delivers fresh and customisable dog food directly to pet owners.