BGF, the UK and Ireland’s most active growth capital investor, has injected £5m, with the balance provided by existing shareholders, including a further investment from Mobeus.
This new investment will “accelerate marketing activity”, increase factory capacity, and create further job opportunities at Bella and Duke’s headquarters located in Fife.
In addition, the company has said that employee numbers have also recently risen to almost 100, with “further significant increases” planned over the next few years as the business scales up.
Alongside the funding round, Peter Farquhar will join Bella and Duke as chairman. Farquhar was the former chairman of natural pet food brand, Forthglade.
Mark Scott, co-founder and CEO of Bella and Duke said: “Attracting this recent investment demonstrates the long-term potential for Bella and Duke and showcases the significant opportunity within the raw feeding category generally.
“Our mission is to provide all British dogs and cats with the best possible nutrition: raw food, with recipes tailored to take account of breed, life stage and any underlying health or welfare concerns.”
He added: “The business has grown significantly in recent years due to the increasing consumer demand for natural, nutritionally beneficial pet food as well as the success of our subscription-based business model that delivers frozen food from our factory in Fife directly to customers’ homes throughout Great Britain.”