BGF et al. in £28.5m round for Gousto

The fresh capital will enable the company to undertake a recruitment drive and invest in artificial intelligence.

According to a statement, Gousto's revenues almost doubled during the course of 2017.

Previous funding
Gousto first received venture capital backing in December 2013, when MMC led a $2m round for the company.

Nine months later, Unilever Ventures led a £5m series-A funding round for Gousto alongside MMC.

BGF, MMC, Unilever and Angel CoFund then injected £9m into the business in December 2015.

Company
Founded in 2011 and based in London, Gousto delivers boxes of ingredients and recipes to its subscribers. Ingredients are delivered in exact proportions in order to minimise food waste. All produce is organic and seasonal, and subscribers are able to select recipes ahead of delivery.

People
Gousto – Timo Boldt (CEO).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• Venture
• MMC Ventures
• BGF (Business Growth Fund)