Funding round
Butternut Box Growth
Reported as "Growth Equity"
Butternut Box, which works in pet food product manufacturing in Berlin, raised $55M in a Growth round announced on 10 Aug 2021, led by L Catterton. 4 firms took part. It is Butternut Box's third venture round on record; the one before was a Series B in Apr 2019.
$55M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Butternut Box did not disclose a valuation in this round. It came 28 months after Butternut Box's Series B. It is 13% of the $430M Butternut Box has raised in the venture rounds on record. Butternut Box raised again 25 months later: a Growth round of $354M in Sep 2023.
Butternut Box's funding rounds
Butternut Box has 4 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
L Catterton led the round with 3 other firms.
Lead investor
- backs 63 venture-backed companies new investor
Also in the round
- White Star Capital new investor
- Five Seasons Ventures new investor
- backs 49 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
12 Growth rounds in Food Production within a year either side disclosed an amount; the median was $68M, and this round was 82% of the median. The closest in time, other companies' Growth rounds in Food Production:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Food Production | 4 Oct 2021 | undisclosed | not disclosed | not named |
| Impossible Foods Food Production | 22 Nov 2021 | $500M | $7.00B | Mirae Asset Global Investments |
| Food Production | 9 Nov 2021 | $28M | not disclosed | Blume Equity |
| Food Production | 5 Nov 2021 | undisclosed | not disclosed | not named |
| LIVEKINDLY Collective Food Production | 29 Mar 2021 | $335M | not disclosed | TPG |
| Food Production | 23 Mar 2021 | $200M | not disclosed | Qatar Investment Authority and Charlesbank Capital Partners |
| Food Production | 12 Jan 2021 | $65M | not disclosed | General Atlantic |
| LIVEKINDLY Collective Food Production | 31 May 2022 | $200M | not disclosed | Founders Factory |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Butternut Box raise in its Growth round?
Butternut Box raised $55M in its Growth round, announced in Aug 2021.
Who led Butternut Box's Growth round?
L Catterton led it, with White Star Capital, Five Seasons Ventures and Passion Capital.
What was Butternut Box's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Food Production?
12 Growth rounds in Food Production within a year either side disclosed an amount; the median was $68M, and this round was 82% of the median.
Did Butternut Box raise again after this round?
Yes: a Growth round in Sep 2023 of $354M.