Gousto secures $230m secondary placing led by SoftBank Vision Fund 2
The meal-kit retailer raised the capital from backers including SoftBank, Fidelity International, and Railpen.
≈ £172M at $1 = £0.7478 on 24 Feb 2022
Gousto delivers pre-proportioned ingredients and recipes directly to customers for home cooking. The business operates a subscription model featuring weekly menu updates.
Gousto has secured a secondary placing of $230m, led by existing backer SoftBank Vision Fund 2. The transaction follows a $150m primary capital raise in January which valued the business at $1.7bn.
Additional participants in the round include Fidelity International, Grosvenor Food & AgTech, and pension fund Railpen. The capital supports the company as it continues to scale its online recipe box delivery service.
Gousto operates as a Certified B Corporation, utilising proprietary technology for warehouse optimisation and recipe forecasting. The firm highlights independent research showing its model generates lower carbon emissions and food waste compared to traditional supermarket shopping.
From the founder
"This successful Placing follows the primary capital raise announced in January and is further testament to the relevance and appetite for Gousto’s leading recipe box solution, as we meet an accelerating consumer need to eat healthily and sustainably, at value."
Timo Boldt
at Gousto
Investor perspective
"We have been closely watching the growth and performance of Gousto for the last few years and have been greatly impressed with what Timo and his team have achieved."
Max Ohrstrand
Investor, SoftBank
