UK meal-kit company Gousto has received another round of external funding including a portion from Unilever‘s venture capital fund.

Existing investors in the Wandsworth-based firm – Unilever Ventures, Hargreave Hale, BGF Ventures, MMC Ventures, and Angel CoFund – have provided an additional GBP18m (US$22.9m) in new capital for the business, according to a statement from Gousto. 

British fitness coach and television presenter Joe Wicks is also part of the funding group, taking Gousto’s total financing from outside investors since its inception to GBP75m. The funds will be used to increase the company’s information technology capabilities.

Gousto is an online meal-kit service founded in 2012 by Timo Boldt (formerly Timo Schmidt) and James Carter, and delivers complete meal solutions including the ingredients and recipes direct to consumers’ doors. 

The company is now delivering more than 1.5 million meals a month to customers and has reported 170% year-on-year growth. Gousto said it is already ahead of its target to help families serve up 400 million balanced and nutritious home-cooked meals by 2025.

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Unilever commented in a statement: “Unilever Ventures is delighted to continue its support for Gousto in its mission to enable more families to cook healthy meals from scratch at home. Having first invested in 2014, this subsequent investment demonstrates our continued commitment to Timo and the fantastic team he has built.”

Gousto has also launched an AI recipe recommendation tool, which is now used to fill half of its customer orders, and is focusing on investment in technology to accelerate growth following another GBP28.5m financing round in March last year. Some of that capital has also been deployed to double factory capacity. 

Chief executive Boldt said: “Our new funding enables us to do more for them [customers], from developing leading AI technologies that improve their shopping experience, to launching new product ranges that appeal to their needs. Our friend and newest investor, Joe Wicks, is behind one of these new ranges that launches in January to deliver a healthy boost to the nation.”