# Butternut Box funding: rounds and investors

> Butternut Box has raised $104M across 2 rounds since 2019. Investors include White Star Capital, Five Seasons Ventures and General Atlantic.

Source: https://millionrounds.com/company/butternut-box (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Butternut Box*

2 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

E-commerce Foodtech

Valuation: $985M, Oct 2024

Funding summary Updated 26 Oct 2026

**$104M** raised across 2 rounds since 2019, from 2 sources

**$19M** Round **$85M** Debt

- **Latest round:** Debt, $85M May 2025
- **Step-up i:** 4.5×
- **Investors:** 9 (2 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023 2024 2025

**$19M** Round

**$85M** Debt

- **First round:** Round, $19M
- **Biggest round:** $85M
- **Between rounds:** 6 years

## The rounds

- **May 2025** Debt **$85M** *4 new* *1 returning* [General Atlantic](https://millionrounds.com/fund/general-atlantic) [HSBC](https://millionrounds.com/fund/hsbc) [White Star Capital](https://millionrounds.com/fund/white-star-capital) [Passion Capital](https://millionrounds.com/fund/passion-capital) [L Catterton](https://millionrounds.com/fund/l-catterton) Source recorded
- **Apr 2019** Round **$19M** *5 new* [White Star Capital](https://millionrounds.com/fund/white-star-capital) Lead [Five Seasons Ventures](https://millionrounds.com/fund/five-seasons-ventures) Lead [Kreos Capital](https://millionrounds.com/fund/kreos-capital) Literacy Passion Reported by Irishtimes

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2019 **Debt** 2025 [White Star Capital](https://millionrounds.com/fund/white-star-capital) L [Five Seasons Ventures](https://millionrounds.com/fund/five-seasons-ventures) L [General Atlantic](https://millionrounds.com/fund/general-atlantic) [HSBC](https://millionrounds.com/fund/hsbc) [Passion Capital](https://millionrounds.com/fund/passion-capital) [L Catterton](https://millionrounds.com/fund/l-catterton) [Kreos Capital](https://millionrounds.com/fund/kreos-capital) Literacy Passion

## Everyone who backed them

[White Star Capital](https://millionrounds.com/fund/white-star-capital) VC firm **2** rounds, led 1

[Five Seasons Ventures](https://millionrounds.com/fund/five-seasons-ventures) VC firm **1** round, led 1

[General Atlantic](https://millionrounds.com/fund/general-atlantic) Private equity **1** round

[HSBC](https://millionrounds.com/fund/hsbc) Growth equity **1** round

[Passion Capital](https://millionrounds.com/fund/passion-capital) VC firm **1** round

[L Catterton](https://millionrounds.com/fund/l-catterton) Private equity **1** round

[Kreos Capital](https://millionrounds.com/fund/kreos-capital) VC firm **1** round

Literacy no record of our own yet **1** round

Passion no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=butternut-box).

## Quick answers about Butternut Box

### Who invested in Butternut Box?

Butternut Box's investors include White Star Capital, Five Seasons Ventures, General Atlantic, HSBC and Passion Capital, and 4 more on record.

### How much has Butternut Box raised?

Butternut Box has raised $104M across 2 rounds since 2019.

### When did Butternut Box last raise?

Butternut Box's most recent round was a Debt of $85M in May 2025.

### What was Butternut Box's biggest round?

Its most recent round, $85M in May 2025, is also its largest on record.

### Who backed Butternut Box first?

Butternut Box's first round on record, in Apr 2019, was backed by White Star Capital, Five Seasons Ventures and Kreos Capital and 2 others.

### What stage is Butternut Box at?

Butternut Box's latest named round is a Debt, in May 2025.

### Where is Butternut Box based?

Butternut Box is based in the United Kingdom.

### Who led Butternut Box's rounds?

White Star Capital led the Undisclosed round in 2019.

## Companies like Butternut Box

In the same sector, and raised in the last eighteen months.

[**Opply** $23M · Oct 2026](https://millionrounds.com/company/opply)[**MicroLub** $15M · Sept 2026](https://millionrounds.com/company/microlub)[**Made With Intent** $9.0M · Sept 2026](https://millionrounds.com/company/made-with-intent)[**Qkine** $9.9M · Sept 2026](https://millionrounds.com/company/qkine)[**Feisty** $677K · Sept 2026](https://millionrounds.com/company/feisty)[**Healf** Aug 2026](https://millionrounds.com/company/healf)

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