Home NEWS Science Meal kit maker Gousto delivers £28.5m investment

Meal kit maker Gousto delivers £28.5m investment

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Online meal kit company Gousto has raised £28.5m from venture capital investors as it aims to be responsible for 400 million meals in UK homes by 2025.

Hargreave Hale, Angel CoFund, MMC Ventures and BGF Ventures stumped up the funding for the six-year-old start-up, bringing the total amount it has raised so far to £56.5m.

Timo Boldt and his neighbour James Carter set up the online grocery company in 2012, when they found themselves too short of time to prepare home-cooked meals. The pair appeared on Dragon’s Den in 2013. They failed to secure backing on the show but ultimately securing funding elsewhere for their cook-at-home food boxes.

The company, which currently delivers more than a million meals a month, aims to “help UK families serve 400m nutritious home-cooked meals” by 2025. The meal kit industry is expected to generate $10bn (£7.2bn) globally by 2020.

Mr Boldt said the new funding would be used to expand the business, with its headcount expected to increase “two-fold over the next few years.”

He added: “Over the next year, we’ll win even more of the one billion meals eaten in the UK, by prioritising investment in artificial intelligence and automation.”

In October the company launched an Amazon Alexa app to help guide customers through recipes. 

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