Hello Fresh raises $50m Series D funding from Insight Venture Partners
Young Gun-founded Startups 100 company to continue expansion of food delivery service
Online food delivery subscription service Hello Fresh, co-founded by Young Guns Patrick Drake and Ed Boyes, has announced today that it has secured a staggering $50m from New York-based Insight Venture Partners.
Existing investor Phenomenon VC also participated in the Series D round, one of the largest of its kind, to support the delivery start-up’s global expansion plans.
Founded in January 2012, Startups 100-listed Hello Fresh delivers pre-measured ingredients and cooking instructions to customers for a set price with a “mission to transform the way people cook and eat”.
The concept, which launched in London but has operations in the US, Australia and Germany, is already backed by over $10m of investment led by Rocket Internet and private investors as well as venture capital backers.