The Honest Kitchen, a San Diego, CA-based provider of a human-grade pet food, raised $150M in funding.
The round was led by Monarch Alternative Capital with participation from Alliance Consumer Growth and White Road Investments. In conjunction with its investment, Monarch appointed Patrick Fallon, Managing Principal at Monarch, and Bob Rubin, a long-standing pet food industry executive and founder of Breakaway Advisors LLC, to The Honest Kitchen Board of Directors.
The company intends to use the funds to continue to focus on increase manufacturing capacity and expand marketing and product innovations, as well as to conduct Environmental, Social & Governance (ESG) initiatives.
Founded by Chief Integrity Officer Lucy Postins and Led by CEO Michael Greenwell, The Honest Kitchen produces a full line of Human Grade complete & balanced foods for pets including dry, dehydrated, and wet foods; as well as treats; toppers; hydration boosters; and a best-selling digestive supplement.
The company’s nutritionally complete and balanced recipes are made in human food production facilities and use the same high-quality ingredients, such as free-range chicken, pumpkin, and kale, with the same rigorous quality and safety standards, as human foods.
In 2021, The Honest Kitchen opened a brand new 100,000-square-foot manufacturing facility in Topeka, Kan. to support the growth of its Whole Food Clusters human-grade dry food, which launched in 2019, became a Public Benefit Corporation, to further its ESG initiatives, including a commitment to charitable giving, prioritizing environmentally sensitive packaging and initiatives, as well as employee growth and diversity commitments, expanded into new categories with the introduction of an extensive, cat food portfolio in dry, wet, dehydrated, treats and hydration boosters. With over 170 offerings available, pet owners can shop via Amazon and Chewy, as well as over 6,000 retail locations, including independent pet supply stores and Petco, Pet Supplies Plus, Sprouts and select Whole Foods.