Meal delivery service Marley Spoon plans US expansion with €15m Series B funding
Meal delivery service Marley Spoon has raised €15m (£11.6m) in its Series B funding round, which it aims to use for the launch of its west coast US fulfilment operations.
The company, which provides customers with recipes and seasonal ingredients, in exact quantities, to cook at home, has also secured up to €40m in media services from German media-for-equity fund GMPVC.
Marley Spoon launched in Germany in 2014 and has since expanded to the UK, the Netherlands, Australia and the US. With the expansion of the west coast US operations, Marley Spoon will be available across the country.
The group also plans to expand its coverage throughout the east coast of Australia, which it says will bring the service to 50 per cent of the population.
“We have seen a steady growth over the past 18 months in all countries, with the global recipe box market growing significantly,” said Marley Spoon co-founder and former chief executive of Delivery Hero Fabian Siegel.
“The latest funding will allow Marley Spoon to reach even more people and strengthen our relationships with our existing customers. Given the changed funding environment many startups are facing today, we are delighted to have secured valuable funding, which will facilitate important growth in the company.”
Marley Spoon is also planning to launch an app in the coming months.