Funding round
Butternut Box Growth
Reported as "Growth Equity"
Butternut Box, which works in pet food product manufacturing in Berlin, raised $354M in a Growth round announced on 4 Sep 2023, led by General Atlantic. 2 firms took part, 1 of them already investors. It is Butternut Box's fourth venture round on record; the one before was a Growth in Aug 2021.
$354M
Amount raised
280,000,000 GBP converted
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Butternut Box did not disclose a valuation in this round. It came 25 months after Butternut Box's Growth. It is 82% of the $430M Butternut Box has raised in the venture rounds on record. No later venture round is on record for Butternut Box.
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
General Atlantic led the round with 1 other firm. L Catterton had backed Butternut Box before.
Lead investor
- General Atlantic backs 134 venture-backed companies new investor
Also in the round
- backs 63 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
5 Growth rounds in Food Production within a year either side disclosed an amount; the median was $60M, and this round was 5.9 times the median. The closest in time, other companies' Growth rounds in Food Production:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Food Production | 21 Aug 2023 | $44M | not disclosed | World Fund and CPT Capital |
| Food Production | 20 Jul 2023 | $6.0M | not disclosed | not named |
| Food Production | 20 Jun 2023 | $60M | $600M | L Catterton |
| Food Production | 15 Jun 2023 | undisclosed | not disclosed | not named |
| Food Production | 27 Mar 2024 | $68M | not disclosed | SEMCAP |
| Food Production | 18 Jan 2023 | undisclosed | not disclosed | not named |
| Food Production | 1 Dec 2022 | $70M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 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 $354M in its Growth round, announced in Sep 2023.
Who led Butternut Box's Growth round?
General Atlantic led it, with L Catterton.
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?
5 Growth rounds in Food Production within a year either side disclosed an amount; the median was $60M, and this round was 5.9 times the median.