Butternut Box secures over €75m in debt financing from Liquidity to expand manufacturing
The fresh dog food provider raised the capital to build a production facility in Poland.
≈ £63.2M at €1 = £0.8426 on 20 May 2025
Providing fresh and personalised dog meals through a direct-to-consumer subscription model, Butternut Box operates across multiple European markets.
Butternut Box has secured over €75m in debt financing from Liquidity to fund the construction of a second manufacturing facility in Poland. The new production plant in Zabrze will span 40,000 square meters and support distribution across Germany and mainland Europe.
The fresh capital supports the company as it approaches unicorn status following previous investments from General Atlantic and L Catterton. The Polish facility is scheduled to open by mid-2025 and builds on the company's acquisition of PsiBufet.
Co-founders Kevin Glynn and David Nolan established the business in 2016 after witnessing health improvements in a rescue dog. The brand has since expanded into cat food with the launch of Marro and holds B Corp certification.
From the founder
"Production here lets us deliver fresh food faster to hundreds of thousands of dogs in Germany and mainland Europe."
David Nolan
CEO at Butternut Box
Investor perspective
"Butternut Box has positioned itself as a leading provider of fresh pet food through an unwavering commitment to quality, innovation, and growth,"
Ron Daniel
Co-Founder & CEO, Liquidity
Use of funds
- 01Build out infrastructure
Investors
About the company
Butternut Box
Butternut Box delivers fresh and customisable dog food directly to pet owners.