Meal-Kit Subscription Service Gousto Picks Up £110M Funding At £1.25Bn Valuation
01/07/22, 12:49 PM
Location
Money raised
£110 million
Gousto, a London-based meal-kit subscription service, has secured $150m (£110m) funding at a valuation of $1.7bn (£1.25bn).
Company Info
Location
london, ontario, canada
Additional Info
To date, the company has raised $361.5m (£267m) in funding in over 14 rounds, according to Crunchbase. The recipe-box startup will use the capital to fund another automated and AI-driven fulfilment centre near Birmingham, offering 40% more capacity. Timo Boldt and James Carter founded Gousto in 2011 when they didn’t have much time to go to various grocery shops. Gousto said its revenue more than doubled to £189m during the previous 12 months.