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With private investments, including backing from Eagle Pack Pet Food founder John Hart, the capital will increase the company’s footprint.
Montréal, December 2024 – Healthybud has successfully closed a $1.5 million strategic funding round, positioning the company for significant growth across North America.
The financing round was led by Investissement Québec, acting as an agent of the Government of Québec, with additional backing from seasoned entrepreneurs and experts in pet nutrition, marketing, logistics and consumer packaged goods. Notable investors include John Hart, founder and former CEO of Eagle Pack Pet Food. The founder of Zuke’s, a natural dog treat brand acquired by Nestlé Purina PetCare in 2014, also joined the round.
“We’re incredibly proud to announce this funding milestone — especially at a time when access to capital has become increasingly challenging for startups like ours. The mix of institutional support and private investments underscores widespread confidence in Healthybud’s mission, momentum, and leadership,” said Kyle Feigenbaum, co-founder and CEO of Healthybud.
“Thanks to its innovative products, Healthybud is increasingly establishing itself in Quebec and North America as a leader in animal nutrition. We continue to support companies like Healthybud, which invest in research and development to stand out from the competition,” said Christopher Skeete, Quebec’s Minister for the Economy, Minister Responsible for the Fight Against Racism and Minister Responsible for the Laval Region.
“Investissement Québec is proud to contribute to Healthybud’s growth through this round of financing, which makes it possible to attract private investor partners. Our involvement will enable the company to continue its development and accelerate its commercialization in the North American market,” said Bicha Ngo, President and CEO of Investissement Québec.
“Over the time I’ve spent with Healthybud’s founders, Kyle and Dana, I’ve seen their resilience, drive, and deep commitment to their vision. They’re exactly the kind of entrepreneurs who can turn a bold idea into a lasting brand. I invested in Healthybud because they’re in the right category at the right time, bringing something fresh and meaningful to today’s pet parents. I’m excited to see what they’ll achieve with this new investment round,” said John Hart, founder and former CEO of Eagle Pack Pet Food.
Healthybud will invest the new capital into expanding its presence in Canada and the United States by enhancing digital marketing efforts, strengthening key partnerships, launching new product variations and scaling inventory.
This will allow Healthybud to meet the rising demand for better, healthier dog nutrition through expertly crafted superfood-based functional products — while remaining an authentic, relatable brand with a highly engaged and loyal community.
“We’re excited to take Healthybud to new heights, becoming a trusted staple for the next generation of pet parents, as we continue to set new standards in pet wellness and nutrition,” Feigenbaum said.
Healthybud is currently on track to achieve a $10 million annual run rate by the end of 2026.