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Herbert Smith Freehills advises Gousto on US$330 million fundraising, elevating company valuation to US$1.7 billion

02 March 2022
Deals and cases

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Leading international law firm Herbert Smith Freehills has advised Gousto, the meal-kit delivery service, on primary and secondary fundraising in a US$330 million round led by SoftBank Vision Fund 2 (SVF 2).

The round saw SVF 2 invest US$100 million of new capital into Gousto, alongside a secondary round led by SVF 2 and including investors Fidelity International, Grosvenor Food & AgTech and Railpen, allowing earlier investors in Gousto to exit their shareholdings.

The primary round was completed at a valuation of US$1.7 billion, a significant uplift from its last fundraising in November 2020.

The Herbert Smith Freehills team was led by Michael Jacobs, John Taylor and Charles Steward.

Michael Jacobs commented:

"We are delighted to have helped Gousto with its latest fundraising, having also advised them on their last funding round in November 2020 when they became a unicorn for the first time. As a certified B Corp, Gousto is committed to reducing food waste and carbon emissions in the food supply chain whilst helping consumers to eat healthily and sustainably. We very much enjoyed working with the Gousto team and look forward to supporting Gousto's journey in the future."

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