December 2015

MMC Ventures invests in Gousto to continue its drive for nationwide popularity

ABOUT MMC

MMC Ventures is an active investor and award-winning venture fund manager, focused on technology-enabled sectors where the UK is a world leader – particularly financial and business services, software, digital media and consumer internet. With total funds raised over £170 million, MMC invests around £25 million per annum, in a combination of new investments and follow-on capital for existing portfolio companies.

 

ABOUT GOUSTO

Gousto is one of the UK’s fastest growing technology-based companies. The company is a leading UK recipe box business that’s disrupting the grocery market and challenging how we think about what we eat and what we waste.

 

ABOUT THE DEAL

MMC partnered with BGF Ventues, Unilever Ventures and the Angel Co-Fund to deliver a £9m funding round into Gousto to continue its drive to gain nationwide popularity. With the additional funding, Gousto can strengthen its team of chefs and nutritionists, broaden its sales and marketing efforts to reach even more customers, and continue to introduce a greater choice of meal and delivery options.

 

OUR WORK

We worked with all of the investors in this round to provide investor side support delivered through operational and financial due diligence.

"

The new funding will be used to drive amazing product improvements in 2016. With the help of the team and our farmers, we have built a scalable platform that offers truly incredible value to customers.

Timo Schmidt, CEO of Gousto