Gousto, the UK meal-box subscription service, has raised $100 million from SoftBank’s Vision Fund 2 and $50 million in new debt capital from HSBC and Barclays.
Founded in 2012 by Timo Boldt and James Carter, the former investment bankers, the funding values Gousto at $1.7 billion, a significant increase on the previous round in November 2020 of $1 billion.
Gousto is endorsed by Joe Wicks, the celebrity fitness coach and the comedian and self-confessed foodie Katherine Ryan.
Boldt, chief executive, said: “2022 is set to be another impressive year for Gousto, as we capitalise on the accelerated mega trends driving change in the grocery market: convenience, health, sustainability. This successful raise is further testament to the relevance and appetite for our recipe box solution.”
Boldt said that he was looking forward to working with the new investors “as we embark on our next stage of growth”.
Gousto offers more than 60 recipes on its menu, which changes every week, of which more than a third can be customised by switching proteins.
In its 2020 financial year, Gousto’s revenue more than doubled to £189 million from £83 million during the previous 12 months. The story was first reported by Sky News.
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Gousto delivers up £150M of new funding valuing meal delivery giant at $1.7BN