Funding round
Gousto Series E
Gousto, which works in meal kit subscription services in London, raised $23M in a Series E round announced on 11 Jan 2019. 5 firms took part, 1 of them already investors. It is Gousto's third venture round on record; the one before was a Series B in Dec 2015.
$23M
Amount raised
18,000,000 GBP converted
Not disclosed
Post-money valuation
5
Investors
no lead named
Valuation
What this round says about the price
Gousto did not disclose a valuation in this round. It came 37 months after Gousto's Series B. It is 4.8% of the $481M Gousto has raised in the venture rounds on record. Gousto raised again 36 months later: a Growth round of $150M in Jan 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 this round 11 Jan 2019 $23M
- Growth 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
5 firms took part; no lead investor was named.
Investors
- Unilever Bentures new investor
- backs 5 venture-backed companies new investor
- backs 71 venture-backed companies new investor
- backs 78 venture-backed companies existing investor
- Angel CoFund new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Groceries, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| bbinstant Groceries | 1 Feb 2018 | $300M | $950M | Alibaba Group |
| Farmers Business Network Farms & Agriculture Production | 1 Jan 2019 | $175M | not disclosed | not named |
| Acorns Investment Consultants & Financial Advisors | 28 Jan 2019 | $105M | $860M | Comcast Ventures and NBCUniversal |
| Collibra Tech Companies | 29 Jan 2019 | $100M | $1.00B | CapitalG |
| Databricks Tech Companies | 5 Feb 2019 | $250M | $2.75B | Andreessen Horowitz |
| Gift Shops | 13 Dec 2018 | $208M | not disclosed | Permira and T. Rowe Price |
| OYO Hotels | 3 Dec 2018 | $100M | not disclosed | Grab |
| Seismic Tech Companies | 18 Dec 2018 | $100M | $1.00B | Lightspeed Venture Partners and T. Rowe Price Associates, Inc. |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Gousto raise in its Series E round?
Gousto raised $23M in its Series E round, announced in Jan 2019.
Which investors took part in Gousto's Series E round?
Unilever Bentures, Hargreave Hale AIM VCT, BGF, MMC and Angel CoFund.
What was Gousto's valuation at the Series E round?
It was not disclosed.
Did Gousto raise again after this round?
Yes: a Growth round in Jan 2022 of $150M.