AAA Tengelmann helps serve $10m to Chefs Plate

Tengelmann helps serve $10m to Chefs Plate

Canada-based meal kit delivery service Chefs Plate has secured C$10m ($7.9m) in a series C round that included Emil Capital, a corporate venturing subsidiary of retailer Tengelmann.

Venture capital firm Acton Capital Partners and investment firm InvestEco Capital also contributed to the round alongside financial services firm Comerica Bank.

Founded in 2014, Chefs Plate provides a subscription service that allows customers to select from a range of meals on its platform that change weekly, before delivering a box to their home containing all the ingredients needed to make the chosen meals along with recipe cards.

The service originally launched in Vancouver and is now available across Canada, delivering 450,000 meals per month. The funding will be invested in automating the company’s fulfilment centres and recruiting new staff.

Chefs Plate has now raised a total of C$20m in funding, most recently securing an undisclosed amount from InvestEco in December 2016.

The company had closed a $6m series B round featuring Emil Capital, Acton Capital and BrandProject in September the same year. Emil and BrandProject provided $2m in funding for Chefs Plate in 2015. 

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