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Five Seasons Ventures

Five Seasons Ventures

Venture Capital

Five Seasons Ventures is a venture capital fund manager focused on European food technology companies and digital consumer food brands.

Portfolio

1

companies


Portfolio companies

Butternut Box

Butternut Box

Butternut Box supplies fresh, human-grade dog food through a digital-first subscription service.


Team

IF

Ivan Farneti

Managing Partner


Recent investments

Seed
£40.0M

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."
— David Nolan, Co-founder
Series B
£15.0M

The round was led by Five Seasons Ventures and White Star Capital, with capital directed towards new markets and product development.

"Last year we were actively searching for a pet food investment opportunity around two key trends: the humanisation of pets and the increasing shift towards natural food, with the connected premiumisation of the overall experience. The team at Butternut Box was spot on in terms of their product positioning, their direct-to-consumer model and strong commercial traction. This is one of the strongest teams we have seen in foodtech in Europe over the last few years: we had to back them"
— Ivan Farneti, Managing Partner