Paleo Ridge secures funding to support expansion

Raw dog food manufacturer Paleo Ridge has secured a £2m investment from private equity firm, Ashridge Capital, to support its expansion plans.

The investment will fund the opening of a new despatch and manufacturing facility, supporting the expansion of Paleo Ridge’s operation. The plans will create more than 20 new jobs at the company’s base in Waterlooville, Hampshire.

Raw dog food is one of the fastest growing sectors of the pet food market, driven by strong growth in pet numbers during Covid, and increased spend per pet.

Tyler Daly, Chief Executive of Paleo Ridge, said: “I am delighted to be working with Ashridge Capital, which shares our vision to be the UK’s most trusted brand for premium, high quality and high welfare, species-appropriate pet food.

“The investment will enable us to expand our manufacturing capacity, provide additional local employment opportunities and meet the strongly rising consumer demand for raw pet food.”