Home » Gousto raises $150m in new investment capital

Gousto raises $150m in new investment capital

by LLT Editor
7th Jan 22 1:26 pm

Gousto, the only profitable B Corp Unicorn in the UK, is pleased to announce that it has raised USD$150m of new investment in a fundraise that has brought SoftBank VF2 on to the Gousto share register. The investment follows another strong year in 2021 for the Company, which will announce Full Year 2021 results in May.

Timo Boldt, Founder & CEO of Gousto, said: “2022 is set to be another impressive year for Gousto, as we capitalise on the accelerated mega trends driving change in the grocery market: convenience, health, sustainability. This successful raise is further testament to the relevance and appetite for our recipe box solution.

“I’m delighted to welcome our new shareholders on board and look forward to working with them as we embark on our next stage of growth and get closer to achieving our vision of becoming the UK’s most loved way to eat dinner.”

New capital will be partly used to fund a fifth highly automated and AI-driven fulfilment centre near Birmingham (Burton-on-Trent). The new investment unlocks 40% more capacity for Gousto, with four other automated fulfilment centres in Essex, Lincolnshire and Cheshire. These ambitious growth plans have enabled the business to capitalise on the accelerating demand for recipe boxes and the permanent shift toward online grocery.

Founded with a mission to reduce food waste, sustainability is at the heart of Gousto. The new debt from HSBC and Barclays is aligned to sustainability goals that when achieved will reduce the interest rate. The Company became a certified B Corporation™ in 2021. A recent study by environmental services company Foodsteps revealed that dinners from Gousto produce 23% less carbon emissions than equivalent meals from supermarket stores.

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