CHEFS PLATE SECURES NEW FUNDING

BrandProject News, Funding & Investments, Portfolio Updates

Via The Globe and Mail.

Toronto meal-delivery company Chef’s Plate raises $6-million in funding

A rapidly expanding Toronto meal-delivery company that is emerging as a disruptor in the giant Canadian grocery business has secured a key venture-financing deal to fund its national growth.

Chef’s Plate is set to announce Tuesday it has raised $6-million in a funding round led by Germany’s Acton Capital Partners, which backed one of the original startups in the e-commerce-based meal-delivery business, Swedish firm Linas Matkasse. Prior venture investors Emil Capital and BrandProject also participated in the financing.

“For us it’s a really big opportunity,” said Chef’s Plate co-founder Jamie Shea. “We’re on a mission to build the leading online food company in Canada. … We’re well-positioned to be a $100-million business in that market.”

Read the full article here.

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