Gousto, the UK meal-kit delivery operator, has secured £28.5m in new funding, bringing the total raised by the company to £56.5m.
The new funding came from three existing investors - Angel CoFund, MMC Ventures and BGF Ventures - and a new one, investment management firm Hargreave Hale.
Gousto founder and chief executive Timo Boldt said the investment would be used to develop artificial intelligence capabilities, used to keep food waste down to 1% by organising stock and to create a personalised website.
A statement from Gousto on the investment said: “The investment shows enormous progress for the company, a first-mover in the highly competitive and fast-growing meal-kit industry, which is predicted to generate $10bn[1] globally by 2020 and is already worth an estimated $3.5bn in the US.
“Accelerating its proposition via automation, with limited cost and logistical challenges, Gousto is transforming the way families eat at home across the country. Prioritising product investment to ensure continued growth, by 2025 Gousto will help UK families serve 400 million nutritious home-cooked meals and extend its 0% household food waste to three million more homes.”
