Chefs Plate Announces New Funding

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Photo: Chefs Plate

TORONTO — Meal-kit-delivery provider Chefs Plate has announced $10 million in new funding. The company also reached a milestone — delivering 450,000 meals per month.

The new round of funding includes the close of its Series-C round of financing from Acton Capital, Emil Capital, InvestEco Capital and Comerica Bank. The funding is being used to invest in leading-edge technology, recruitment of new talent and automation of the company’s fulfillment centres in Toronto and Vancouver, as well as supporting its supply chain of Canadian farmers and artisanal suppliers.

“Canadians love the convenience meal kits offer and we’re proud to be Canada’s number-one choice. Our customer numbers have grown over 200 per cent over the past year and this month we’ll deliver three times more meals than we did this time last year,” says Jamie Shea, co-founder, Chefs Plate. “We make cooking easy and look forward to using the newly raised funds to meet the needs of our growing customer base.”

Chefs Plate recently worked with Starbucks, as well as chef Vikram Vij, to develop unique recipes. Additionally, Chefs Plate’s partnership with Stella Artois provided the company the opportunity to work with chef Patrick Kriss, owner of Alo.

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