Butternut Box backer in the money after selling stake
Literacy Capital sold its stake in the Irish co-founded company at a 54 per cent premium earlier this month
One of Butternut Box’s early backers has made a significant profit after selling its stake in the Irish co-founded business earlier this month.
Literacy Capital, a London-based trust, earned a 54 per cent premium on its £14.2 million stake in the fresh dog food subscription business led by Kevin Glynn.
It told investors it had realised £21.8 million from the sale, which arose as part of a new £280 million funding round led by General ...