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Porter Road’s sustainable, whole animal butchery raises $10 million to expand across the US
In the nearly 10 years since it launched as a whole animal butchery out of a storefront in East Nashville, the founders of Porter Road have wanted to herd America’s meat industry down a new path.
Now the company has $10 million in financing from investors including L37 Ventures, River Park Ventures, Middleland, FJ Labs, Kelvin Beachum along with previous investors MAX Ventures, Tribeca Venture Partners and Slow Ventures to bring that mission to a broader swath of the country.
Since the company bought its own slaughterhouse back in 2015 and expanded to e-commerce in 2018 it has been shipping its selections of lamb, beef, pork, chicken and sausages from local farms to tables across the U.S.
Porter Road announced it has raised a $10 million Series A round of funding in order to expand its butcher, processing and direct-to-consumer operations. The investment was led by L37 Ventures, a private equity firm with offices in Nashville, Houston and Silicon Valley, and will go to scale the company’s provider and processing operations.
“It’s easy to back founders who are as comfortable on the manufacturing line as they are in the boardroom, and who see the world differently and have the deep domain expertise to execute on that vision,” L37 Partner Randall Ussery said. “They have spent years perfecting the Porter Road way, which no company nor incumbent can replicate overnight. They are a category killer in the meat industry and have built a moat around their brand.”