Literacy Capital is an investment fund led by former Capita chief executive Paul Pindar.
Portfolio
2
companies
Butternut Box
Butternut Box delivers fresh and customisable dog food directly to pet owners.
Hometree
Hometree provides residential energy services and home cover solutions.
Paul Pindar
CEO
Anthemis led the financing round with participation from DN Capital, Literacy Capital, and Silicon Valley Bank.
"Our objective in the next 2-3 years is to become the leading challenger brand in the Home Cover market. This new funding will help us accelerate our plans at a time when homeowners across the UK need peace of mind more than ever. We are incredibly excited to be able to help homeowners have one less worry at this incredibly stressful time in all of our lives."
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"
