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Pet-Food Maker Honest Kitchen Raises $150 Million in Funding

  • Company’s valuation is now approximately $500 million
  • New cash will go to boosting marketing, expanding production
Honest Kitchen products
Honest Kitchen productsSource: Honest Kitchen

High-end pet-food maker Honest Kitchen said it secured a $150 million minority investment from Monarch Alternative Capital LP.

The terms of the deal weren’t disclosed. The producer of cat and dog foods, treats, and health supplements, which it labels “human-grade,” now has a valuation around $500 million, according to a person familiar with the transaction. Honest Kitchen’s existing equity investors include Alliance Consumer Growth and White Road Investments