Today's News |
Vancouver-based Ecommerce Meal Kit Company Fresh Prep Foods Closes $7 Million Series-A Financing
Tuesday, May 12, 2020
Vancouver, BC, May 11, 2020--(T-Net)--A number of media sources are reporting today that Vancouver-based ecommerce meal kit delivery service Fresh Prep Foods has closed a $7 Million Series-A financing round.
Fresh Prep earlier completed their first round of financing in December 2018. The company had raised a total of $3.3 million at that time through a mix of equity and debt financing led by First West Capital and private investors.
Fresh Prep also recently moved into a new facility in East Vancouver— a spacious 35,000 square foot warehouse which is the new headquarters for both kit production and office space, according to earlier reporting by First West Capital.
"Bootstrapping their way since 2015 to becoming a leader in the Vancouver meal-kit market, this is the first time Fresh Prep is receiving any external financing. Co-founders Becky Brauer, Dhruv Sood, and Husein Rahemtulla have grown the company from three full-time employees and 100 customers in the first year to a team of over 150 staff and 20,000 customers, in three years, across Lower Mainland and in Victoria, BC" said First West Capital in a news release following the company's orginal first financing in Dec 2018.
More details about Fresh Prep's new financing and the company will be released later.
About Fresh Prep Foods
Fresh Prep is the weeknight dinner solution for busy people. We prep, portion, and deliver all the ingredients necessary to enjoy a delicious meal in 30 minutes or less. No grocery shopping, and no prep. Through this food sharing initiative we tackle food waste, and offer a sustainable, environmentally friendly solution that just makes sense.