ButcherBox Raises $200 Million in Funding Led by General Catalyst to Expand Meat Delivery Service
ButcherBox, a meat delivery service that provides high-quality, grass-fed beef, chicken, and pork to customers on a subscription basis, has raised $200 million in a funding round led by General Catalyst, a venture capital firm with a track record of investing in successful e-commerce companies. The new funding will be used to fuel ButcherBox’s expansion and growth, allowing the company to reach more customers across the United States.
ButcherBox was founded in 2015 with the goal of making it easier for consumers to access high-quality, responsibly-sourced meat. The company partners with a network of farmers and ranchers to provide customers with 100% grass-fed and grass-finished beef, free-range organic chicken, and heritage breed pork. Customers can choose from a variety of subscription plans and have their orders delivered to their doorstep on a regular basis.
With this new funding, ButcherBox plans to expand its product offerings, increase marketing efforts, and invest in technology to improve its platform and customer experience. The company is also planning to expand its network of farmers and ranchers to meet growing demand for high-quality, responsibly-sourced meat.
The funding round was led by General Catalyst, which has a long history of successful investments in e-commerce companies, including Airbnb, Warby Parker, and Jet.com. Other investors in the round included Accel, Ribbit Capital, and SVB Capital.
According to ButcherBox CEO Mike Salguero, the new funding will allow the company to “continue to grow our community and deliver on our promise to provide 100% grass-fed beef, organic chicken, and heritage breed pork to our members.” Salguero added that the company plans to “invest in technology and expand our product line to provide even more options to our members.”
ButcherBox has already experienced significant growth, with over 10,000 new customers joining the service each week. The company’s focus on high-quality, responsibly-sourced meat has resonated with consumers who are increasingly concerned about the environmental impact of factory farming and the health benefits of eating grass-fed meat.
With this new funding, ButcherBox is well-positioned to continue to grow and expand its reach across the United States. By providing consumers with a convenient and sustainable way to access high-quality meat, the company is helping to make responsible meat consumption more accessible and affordable.
As consumers continue to prioritize sustainability and health in their purchasing decisions, ButcherBox is well-positioned to be a leader in the meat delivery space. With its innovative business model, strong leadership team, and significant funding, ButcherBox is poised to continue to grow and make a significant impact in the food industry in the years to come.