Meal Kit Company FreshPrep Raises $7 Million in Series A Funding Round
VANCOUVER, CANADA - Meal kit delivery is on the up and up, with companies like Home Chef and Blue Apron continuously expanding their offerings and physical presence. Canada-based FreshPrep is another such company, working day and night to maintain its upward trajectory. The meal kit delivery service recently announced a monumental investment, securing $7 million in CAD (almost $5 million in USD) Series A round funding.
“Our growth to date has been a result of automation and a focus on our customers,” said Becky Brauer, Co-CEO and Co-Founder. “We’ve been able to optimize margins and constantly improve our product and service through our focus on technology and innovation.”
According to news source betakit, FreshPrep plans to use this new funding to invest in expanding its fleet of employees as well as upping its technological prowess. The funding came primarily from leading sustainable venture capital firm Renewal Funds, and FreshPrep has added Renewal Funds Partner Genevieve Pinto to its Board of Directors.
The vertically-integrated subscription-based service has received unprecedented demand as of late and lauds its technology-focused business model as the key to keeping up.
“We’re thrilled to partner with an innovative business that not only advances our mission of supporting technology and consumer products companies that are good for people and the planet, but also one that has been rapidly growing, while demonstrating profitability,” added Pinto.
The digital world shows no signs of slowing down, so stick with us at ANUK as food companies continue to grow in this space.