LONDON — On May 20, European fresh dog food company Butternut Box announced it has received debt financing of more than £64 million ($86 million USD) from private credit firm Liquidity. The company plans to use the funding to develop its second manufacturing facility in Poland, further advancing its leading position in the European pet food industry and supporting its mission to provide dogs with fresh meals. 

Since its founding in 2016, Butternut Box has provided fresh meals to hundreds of thousands of dogs throughout the United Kingdom, Ireland, the Netherlands, Belgium, Germany and Poland. In 2023, the company acquired Polish fresh pet food company PsiBufet, expanding its European presence. Additionally, the company began offering meals to cats in 2024 with the launch of a fresh cat food brand called Marro. 

“Butternut Box has established itself as a fresh pet food leader through an unwavering commitment to quality, innovation, and growth,” said Ron Daniel, co-founder and chief executive officer of Liquidity. “Liquidity is the ideal partner for late-stage startups needing fast, flexible and non-dilutive access to capital. As such, we’re proud to support Butternut Box as they increase market share by expanding manufacturing capacity in EMEA (Europe, the Middle East and Africa) in support of continued growth.”

Source: Butternut Box

This latest funding, brings Butternut Box’s total funding to more than £380 million ($510.9 million USD) with a recent £280 million ($349.9 million USD) investment from General Atlantic and L Catterton. Following this investment, the company announced its plans for its second facility in Poland, which officially began construction in 2024. 

“Our mission has always been to get more dogs eating the fresh food they deserve,” said Kevin Glynn, co-founder of Butternut Box. “Partnering with Liquidity will help us continue that mission by ensuring we are well positioned to support our existing markets, whilst helping to deliver health and happiness to even more dogs across Europe.”

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