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

Author

MMC Ventures

10 January 2019

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.

 

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