Monday 15 July 2019 12:15 pm

Recipe box company Gousto secures £30m funding

Recipe box delivery company Gousto has secured £30m in a funding round led by London private equity firm Perwyn.

Gousto will use the investment, which takes its total funds raised to more than £100m, to develop artificial intelligence technology.

Read more: Gousto cooks up £18m funding and signs up body coach Joe Wickes

The company will hire more than 100 tech employees by 2022 as it expands its current 80-strong London-based team. 

Gousto chief executive and founder Timo Boldt said: “We are relishing the next stage in Gousto’s evolution, investing in innovative technology to allow us to offer the most choice. 

“The most varied delivery options, the best quality meals that arrive in the shortest lead time, for the lowest price”.

The UK recipe box market is expected to exceed £1.5bn by 2022, the company said. 

Read more: Recipe box start up Gousto gobbles up millions more funding

Perwyn joins existing investors including BGF Ventures, MMC Ventures, Canaccord Genuity, Unilever Ventures and Joe Wickes. 

Andrew Wynn, Perwyn founder and managing partner, said: “We are delighted to be making this investment and joining the exciting journey that Gousto is on.”

Main image credit: Getty