MMC Ventures follows its investment in Gousto as part of a £5 million funding round led by Unilever Ventures

Gousto, the recipe box delivery company, has today announced a £5m ($8.3m) Series A round, led by Unilever Ventures, with existing investor MMC.

Thanks to the deal, Gousto will be able to increase significantly investment in innovation and product development, further improving the customer experience.

With the completion of this investment, the business now boasts an impressive Board of investors, with a range of food and subscription expertise. Jan Harley, Director at Unilever Ventures, brings to the Board his experience as a founding member of the venture arm of Unilever. Jan will join existing Board members including MMC’s Jon Coker, Ian West (Non-Executive Director at TalkTalk, Naked Wines and Pact Coffee), and Balderton Capital‘s Mark Evans, who is personally invested.

MMC Partner Jon Coker comments: “We are very excited to announce the next round of funding for Gousto. We have enjoyed working with Timo and James over the last year. Their speed of execution and drive is inspiring and this round of funding gives them the platform to really go after the opportunities in the online grocery market.”