Along with co-investors BGF, Perwyn led a £25m funding round which propelled Gousto to a valuation in excess of US$1 billion.

UK-based subscription meal kit provider Gousto has achieved tech unicorn status following its latest funding round. Gousto continues to go from strength to strength, driving new efficiencies in speed of pick and pick accuracy whilst minimising cost and food waste. The new equity funds will add additional growth capital to Gousto’s own positive cashflow, and bring forward the opening of new automated fulfilment centres to serve ongoing strong demand. The company plans to triple its capacity by 2022, creating 1,000 new jobs in that period.

Timo Boldt, Founder & CEO of Gousto commented: “Achieving tech unicorn status and joining the ranks of those elite companies that have attained a billion dollar valuation is a proud moment for the entire Gousto team and all of our shareholders but we are still only just getting started.

The latest £25m fundraise will enable Gousto to scale further and faster, triple capacity to serve more families during these difficult times, ensure the safety of our teams and create jobs across the entire business.”

Founder and Managing Partner at Perwyn, Andrew Wynn, commented: “We continue to be excited about the sheer size of the market opportunity and impressed by the management team’s ability to deliver on its plans and navigate the complex challenges of 2020. Gousto’s superior technology and scale underpin its winning customer proposition and support its continued leadership of this fast growing and profitable sector.”

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November 2020