Total amount raised
$49.2 Million
Latest funding date
10/01/2023
Location
Wild Earth has successfully raised funding over 8 rounds, with the latest being a Series A round. The company is backed by 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 is a technology startup based in Berkeley, California, specializing in developing protein pet foods. The company operates in the consumer, consumer goods, pet, and professional services industries. With an employee count ranging from 11 to 50, Wild Earth is committed to providing innovative and sustainable pet food solutions.
Wild Earth focuses on vegan nutrition for dogs and cats, offering a range of plant-based products designed to be nutritionally complete and free from common allergens. The company emphasizes the health benefits of their products, such as improved digestion, healthier skin, and increased energy levels in pets.
How Much Funding Has Wild Earth Raised?
- Series A
- Amount Raised: USD 11,000,000
- Date: May 2019
- Lead Investors: VegInvest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Seed
- Amount Raised: USD 550,000
- Date: March 2019
- Lead Investors: Mark Cuban
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial product development and market entry.
- Seed
- Amount Raised: USD 650,000
- Date: August 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product development and early marketing efforts.
- Seed
- Amount Raised: USD 4,000,000
- Date: March 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund research and development of plant-based pet food.
- Series A
- Amount Raised: USD 23,000,000
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production and expand market reach.
- Debt Financing
- Amount Raised: USD 10,000,000
- Date: January 2022
- Lead Investors: Espresso Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth through digital marketing and customer acquisition.
- Series Unknown
- 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 business operations and growth.
- 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 further expand product lines and enhance market presence.
Total Amount Raised: USD 49,200,000. Current Valuation: Not publicly disclosed.
Key Investors
- Peter Thiel (Thiel Capital and Founders Fund)
- Details: Peter Thiel is a billionaire entrepreneur and venture capitalist, co-founder of PayPal and Palantir Technologies. Thiel Capital and Founders Fund are known for their significant investments in early-stage technology companies.
- Investment Focus Areas: Early-stage technology companies, venture capital, private equity.
- Notable Investments: Facebook, SpaceX, Palantir Technologies.
- Mark Cuban
- Details: Mark Cuban is a billionaire entrepreneur and investor, widely recognized for his role on the TV show "Shark Tank" and as the owner of the Dallas Mavericks.
- Investment Focus Areas: Technology, sports, entertainment.
- Notable Investments: Magnolia Pictures, AXS TV, various startups featured on "Shark Tank."
- VegInvest
- Details: VegInvest is an investment firm focused on funding plant-based and alternative protein companies. They aim to support businesses that promote a sustainable and cruelty-free food system.
- Investment Focus Areas: Plant-based companies, alternative proteins, sustainable food systems.
- Notable Investments: Not specified.
- Big Idea Ventures
- Details: Big Idea Ventures is a venture capital firm that invests in food technology and alternative protein companies. They focus on innovative solutions to improve the global food system.
- Investment Focus Areas: Food technology, alternative proteins, sustainability.
- Notable Investments: Not specified.
- Espresso Capital
- Details: Espresso Capital provides growth capital to technology companies. They offer flexible financing solutions to help businesses accelerate their growth.
- Investment Focus Areas: Technology, growth capital, flexible financing.
- Notable Investments: Not specified.
What's Next for Wild Earth?
Wild Earth stands at the cusp of significant growth opportunities, driven by the increasing consumer demand for healthier, environmentally friendly, and humane pet food options. With a $10 million credit facility from Espresso Capital, the company is poised to accelerate its digital marketing efforts and ramp up customer acquisition. This financial boost aligns perfectly with the broader market trend towards plant-based pet foods, which is gaining traction among veterinarians and pet owners.
Future fundraising opportunities look promising, with potential for additional investments from existing backers like Peter Thiel and Mark Cuban, as well as new investors interested in sustainable and biotech-driven pet food solutions. However, Wild Earth may face challenges such as competition from other companies offering similar products and the need to maintain product quality and consistency as they scale. Navigating regulatory requirements related to pet food production and marketing will also be crucial for their continued success.
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