7th Jan 2019

MMC continue to back Gousto as the business announces another £18m funding

UK-leading meal kit company, Gousto, has raised another £18m in equity funding -
bringing the total raised since launch to £75m. Attracting new investment from global health influencer, Joe Wicks, along with all existing shareholders: MMC Ventures, Unilever Ventures; Hargreave Hale; BGF Ventures and Angel CoFund.

Achieving 170% YoY growth, Gousto is already ahead of its target to help families serve up 400 million balanced and nutritious home-cooked meals by 2025. Delivering over 1.5 million meals a month to customers, two-thirds of which are families, Gousto continues to transform UK mealtimes with its recipe box service.

Increasing its investment into tech and AI following a £28.5m investment round in March 2018, Gousto has since deployed this capital to double factory capacity. It’s also launched a customer facing AI recipe recommendation tool, through which half of customer orders are now placed. Gousto will continue to prioritise the majority of its investment in technology to accelerate growth.

Read more on this story from The Times and TechCrunch.

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