How Much Did Wild Earth Raise? Funding & Key Investors

Wild Earth has successfully raised funds through multiple rounds, with its latest Series A round closing on October 2, 2023. The company has attracted a diverse group of 38 investors, including Triangle Tweener Fund and SOSV.

Keep reading to explore the intricacies of Wild Earth's fundraising journey and the investors backing this innovative platform.

What Is Wild Earth?

Wild Earth, founded in 2017, is a technology startup based in Berkeley, California. The company specializes in developing protein pet foods that are healthier, more environmentally friendly, and humane alternatives to conventional pet foods.

Founded by Abril Estrada, Kristin Wuhrman, Ron Shigeta, and Ryan Bethencourt, Wild Earth aims to reinvent pet food with science. The company focuses on creating vegan pet food and supplements that are free from common allergens and designed to improve pets' health and well-being.

With a team of 11-50 employees, Wild Earth continues to innovate in the pet food industry, offering cruelty-free and nutritionally complete options for dogs and cats.

How Much Funding Has Wild Earth Raised?

1. Seed Round
   • Amount Raised: $4M
   • Date: March 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop and launch their initial product line.
2. Seed Round
   • Amount Raised: $650K
   • Date: August 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand their product offerings and market reach.
3. Seed Round
   • Amount Raised: $550K
   • Date: March 2019
   • Lead Investors: Mark Cuban
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale production and enhance marketing efforts.
4. Series A
   • Amount Raised: $11M
   • Date: May 2019
   • Lead Investors: VegInvest
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and expand into new markets.
5. Series A
   • Amount Raised: $23M
   • Date: September 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop their product line and increase market penetration.
6. Debt Financing
   • Amount Raised: $10M
   • Date: January 2022
   • Lead Investors: Espresso Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To invest in digital marketing and ramp up customer acquisition.
7. Venture Round
   • Amount Raised: Not publicly disclosed
   • Date: July 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing growth and product development.
8. Series A
   • Amount Raised: Not publicly disclosed
   • Date: October 2023
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To continue scaling operations and expanding market presence.

Total Amount Raised: $49.2M

Current Valuation: Not publicly disclosed

Key Investors

• Peter Thiel
  • Details: Peter Thiel is a renowned entrepreneur and venture capitalist, co-founder of PayPal and Palantir Technologies. He is known for his early investment in Facebook.
  • Investment Focus Areas: Technology, innovation, finance.
  • Notable Investments: Facebook, Palantir Technologies, SpaceX.
• Mark Cuban
  • Details: Mark Cuban is a billionaire entrepreneur and investor, best known for owning the Dallas Mavericks and his role on the TV show "Shark Tank." He has a diverse investment portfolio.
  • Investment Focus Areas: Technology, sports, entertainment.
  • Notable Investments: Shark Tank investments, Dallas Mavericks, Magnolia Pictures.
• VegInvest
  • Details: VegInvest is an investment firm focused on supporting companies that promote plant-based and sustainable products. They aim to create a more humane and sustainable world.
  • Investment Focus Areas: Plant-based products, sustainability, animal welfare.
  • Notable Investments: Impossible Foods, Beyond Meat, Memphis Meats.
• Big Idea Ventures
  • Details: Big Idea Ventures is a venture capital firm that invests in food technology and sustainability startups. They focus on innovative solutions to global food challenges.
  • Investment Focus Areas: Food technology, sustainability, alternative proteins.
  • Notable Investments: MeliBio, Shiok Meats, Grounded Foods.
• Espresso Capital
  • Details: Espresso Capital provides venture debt solutions to technology companies. They offer flexible financing options to help companies grow without diluting equity.
  • Investment Focus Areas: Technology, innovation, growth-stage companies.
  • Notable Investments: Not publicly disclosed.

What's Next for Wild Earth?

Wild Earth is poised to capitalize on the growing consumer interest in healthier, environmentally friendly pet food. With a $10 million credit facility from Espresso Capital, the company plans to invest heavily in digital marketing to ramp up customer acquisition. This opportunity is significant, given the increasing demand for plant-based pet foods and the positive health benefits reported by pet owners.

Future fundraising opportunities seem promising, especially with the backing of high-profile investors like Peter Thiel and Mark Cuban. These investments could further accelerate Wild Earth's growth and market penetration. However, the company may face challenges such as competition in the pet food market and the need to maintain product quality while scaling operations.

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