Butternut Box
Financials
Estimates*
GBP | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 10.9m | 23.2m | 34.9m | 69.5m | 125m |
% growth | - | 114 % | 51 % | 99 % | 80 % |
EBITDA | (7.5m) | (5.5m) | (12.7m) | (20.0m) | - |
% EBITDA margin | (69 %) | (24 %) | (36 %) | (29 %) | - |
Profit | (7.9m) | (6.6m) | (14.8m) | (24.2m) | - |
% profit margin | (72 %) | (28 %) | (42 %) | (35 %) | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | €17.4m | Series B | |
£20.0m | Series C | ||
£40.0m | Series D | ||
* | N/A | - | |
* | £280m Valuation: £500m 7.2x EV/LTM Revenues -25.0x EV/LTM EBITDA | Growth Equity VC | |
Total Funding | €433m |
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Recent News about Butternut Box
EditButternut Box is a UK-based startup that operates in the pet food industry, specifically catering to dog owners. The company's primary offering is a subscription-based service that delivers freshly prepared, high-quality dog meals directly to customers' doors. The meals are made from human-grade meat and fish, along with other beneficial ingredients that support various aspects of a dog's health, such as digestion, skin and coat health, and immune system function.
The company's business model revolves around personalization and convenience. Customers answer a few questions about their dogs, and Butternut Box creates a tailored meal plan based on the dog's specific needs. The meals are then delivered in perfect portions, ready to serve or store. Customers have the flexibility to pause, push, or cancel their plan at any time.
In addition to meals, Butternut Box also offers extras like treats, tenders, bars, and broths. Customers also receive a welcome booklet with tips on feeding and transitioning their dogs to the new diet. Furthermore, the company provides access to a professional service for personalized care and a 24/7 emergency helpline, adding value to their offering and enhancing customer experience.
The company generates revenue through its subscription service, with customers paying for the meals and any extras they choose to add to their plan.
Keywords: Pet Food Industry, Dog Meals, Subscription Service, Personalized Meal Plans, Home Delivery, Human-grade Ingredients, Health Support, Convenience, Customer Experience, Revenue Generation.