Funding round
Gousto Growth
Reported as "Growth Equity"
Gousto, which works in meal kit subscription services in London, raised $150M in a Growth round announced on 7 Jan 2022, led by SoftBank. 3 firms took part. It is Gousto's fourth venture round on record; the one before was a Series E in Jan 2019.
$150M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Gousto did not disclose a valuation in this round. It came 36 months after Gousto's Series E. It is 31% of the $481M Gousto has raised in the venture rounds on record. Gousto raised again 1 month later: a Growth round of $230M in Feb 2022. Its next priced round, a Growth in Feb 2023, valued it at $1.70B.
Gousto's funding rounds
Gousto has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 17 Sep 2014, led by Unilever Ventures $8.3M
- Series B 10 Dec 2015 $9.0M
- Series E 11 Jan 2019 $23M
- Growth this round 7 Jan 2022, led by SoftBank $150M
- Growth 24 Feb 2022, led by SoftBank and SoftBank Vision Fund $230M
- Growth 6 Feb 2023 $61M$1.70B post-money
- Debt not a venture round 5 Mar 2023, led by Angel CoFund $22M
Investors
Who put money in
SoftBank led the round with 2 other firms.
Lead investor
- SoftBank new investor
Also in the round
- HSBC new investor
- Barclays new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
8 Growth rounds in Groceries within a year either side disclosed an amount; the median was $136M, and this round was close to the median. The closest in time, other companies' Growth rounds in Groceries:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Gopuff Groceries | 23 Dec 2021 | $1.50B | $4.00B | Guggenheim Partners |
| Groceries | 2 Dec 2021 | $260M | $1.20B | not named |
| Kurly Groceries | 19 Dec 2021 | $210M | $3.30B | Anchor Equity Partners |
| Groceries | 29 Mar 2022 | $55M | not disclosed | HV Capital |
| Groceries | 9 Nov 2021 | $2.8M | not disclosed | Maven Capital Partners |
| Groceries | 30 Jun 2021 | $120M | not disclosed | not named |
| Groceries | 6 Dec 2022 | $151M | $353M | Verdane |
| Groceries | 3 Feb 2021 | $100M | not disclosed | Glade Brook and GV |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Gousto raise in its Growth round?
Gousto raised $150M in its Growth round, announced in Jan 2022.
Who led Gousto's Growth round?
SoftBank led it, with HSBC and Barclays.
What was Gousto's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Groceries?
8 Growth rounds in Groceries within a year either side disclosed an amount; the median was $136M, and this round was close to the median.
Did Gousto raise again after this round?
Yes: a Growth round in Feb 2022 of $230M.