BGF, Perwyn et al. in £25m round for unicorn Gousto

Gousto CEO and founder Timo Boldt said on LinkedIn that the company had become "a billion-dollar-plus unicorn" following the capital raise.

The company, founded in 2012, has so far raised around £155m, with other investors including Unilever Ventures, Angel CoFund, Hargreave Hale, Canaccord Genuity, and British fitness coach and TV presenter Joe Wicks. 

Venture capital publication Sifted reported the company was currently aiming to grow its team from 1,000 to 2,000 people by 2022 and had already surpassed the £83m revenues it generated in 2019.

Boldt told Sifted that the latest funding will be used for the development of its two new fulfilment centres and accelerate investment in automation.

Previous funding
In 2013, MMC led a $2m round for the company. Nine months later, Unilever Ventures led a £5m series-A funding round for the business alongside MMC. BGF, MMC, Unilever and Angel CoFund then injected £9m into Gousto in 2015.

The company in March 2018 raised a £28.5m investment round from BGF, MMC, Angel CoFund and Hargreave Hale.

A year later, BGF, MMC, Unilever Ventures, Hargreave Hale and Angel CoFund took part in an £18m funding round for Gousto in January 2019.

Perwyn led a £30m funding round for the company seven months later. Existing investors BGF, MMC, Canaccord Genuity and Unilever Ventures also took part in the round.

In April 2020, Perwyn, BGF and MMC invested in a £33m funding round for Gousto.

Company
Founded in 2012 and based in London, Gousto sells and delivers ingredients and recipe meal kits to subscribers.

The company delivers five million meals a month, and in 2019 generated revenues of £83m. The company reportedly employs around 1,000 staff. 

People
Gousto – Timo Boldt (founder, CEO).
BGF – Stephen Welton (executive chairman). 

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• Topics
• Expansion
• UK / Ireland
• Consumer
• BGF (Business Growth Fund)
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