HomeCooks raises $3.1m in a seed round led by Speedinvest to expand its food creator marketplace across the UK.
Speedinvest led the seed financing for the London-based food marketplace, with additional participation from DFF, Love Ventures, and Seedrs.
≈ £2.5M at $1 = £0.7940 on 5 Dec 2023
HomeCooks operates a marketplace that enables independent food creators to sell pre-prepped meals nationwide by managing storage, freezing, and distribution.
HomeCooks has secured $3.1m in a seed funding round led by Speedinvest to support its nationwide expansion across the UK. The financing included participation from DFF, Love Ventures, Rianta, and angels from the Ventures Together Consortium, alongside a crowdfunding campaign on Seedrs.
The platform enables independent chefs to produce meals in batches while HomeCooks manages storage, freezing, and dispatch operations. The fresh capital will be deployed to scale the business and bring over one thousand food creators onto the platform.
Founder Joshua Magidson previously established Zing Zing and Eatstudent, drawing on extensive background experience in the food technology sector. The company originated as a lockdown community initiative before developing proprietary technology to serve thousands of customers.
From the founder
"The hospitality industry is broken and we aim to rebuild it"
Joshua Magidson
Founder at HomeCooks
Investor perspective
"We are thrilled to lead HomeCooks’ $3.1 million seed round, supporting their mission to revolutionise the food industry by empowering independent food creators. HomeCooks is more than just a marketplace – it can streamline the entire process for chefs and provide consumers with a diverse range of high-quality, affordable, healthy meals. We believe in HomeCooks’ potential to transform how people eat at home and are excited to be part of their journey."
Mathias Ockenfels
General Partner, Speedinvest
Use of funds
- 01Expand into international markets
