Funding round
Butternut Box Series B
Butternut Box, which works in pet food product manufacturing in Berlin, raised $19M in a Series B round announced on 26 Apr 2019, led by White Star Capital. 4 firms took part. It is Butternut Box's second venture round on record; the one before was a Seed in Jul 2017.
$19M
Amount raised
15,000,000 GBP converted
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 21 months after Butternut Box's Seed. It is 4.5% of the $430M Butternut Box has raised in the venture rounds on record. Butternut Box raised again 28 months later: a Growth round of $55M in Aug 2021.
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
White Star Capital led the round with 3 other firms.
Lead investor
- backs 61 venture-backed companies new investor
Also in the round
- Five Seasons new investor
- backs 49 venture-backed companies new investor
- backs 2 venture-backed companies new investor
Joined the board: Richard Flint (Sky Bet).
Comparable rounds
How it compares
6 Series B rounds in Food Production within a year either side disclosed an amount; the median was $36M, and this round was 55% of the median. The closest in time, other companies' Series B rounds in Food Production:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Food Production | 25 Apr 2019 | $40M | not disclosed | Ingredion |
| Food Production | 1 Mar 2019 | $5.0M | not disclosed | Griffith Foods and eighteen94 capital |
| Food Production | 19 Jun 2019 | $22M | not disclosed | BlueRed Partners |
| Food Production | 15 Jan 2019 | $39M | not disclosed | Insight Partners |
| Food Production | 15 Jan 2020 | $32M | $4.50B | Stray Dog Capital and Rocana Ventures |
| Food Production | 19 Feb 2020 | undisclosed | not disclosed | not named |
| Nature's Fynd Food Production | 24 Mar 2020 | $80M | not disclosed | Generation Investment Management and Breakthrough Energy |
Questions
Frequently asked
How much did Butternut Box raise in its Series B round?
Butternut Box raised $19M in its Series B round, announced in Apr 2019.
Who led Butternut Box's Series B round?
White Star Capital led it, with Five Seasons, Passion Capital and Literacy Capital.
What was Butternut Box's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Food Production?
6 Series B rounds in Food Production within a year either side disclosed an amount; the median was $36M, and this round was 55% of the median.
Did Butternut Box raise again after this round?
Yes: a Growth round in Aug 2021 of $55M.