Investments
58Portfolio Exits
9Funds
4Service Providers
1
Want to inform investors similar to BGF Ventures about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
Latest BGF Ventures News
Apr 19, 2020
With dining in now ‘de rigeur’, food delivery startups are seizing the opportunity and investors are too. Witness a £33m Series G raise for London-based recipe box delivery startup, Gousto, led by Perwyn, with participation also from other existing backers BGF Ventures, MMC Ventures and Joe Wicks (yes, that Joe Wicks). This follows a Series F raise in July 2019 and Series E in January that year (see Backers add more gusto to Gousto’s recipes ), and brings the total raised so far to some £130m (Source: CrunchBase). Gousto’s pricing hasn’t changed since then – starter boxes (2 meals, 2 people) still cost £25 and family boxes £47.75 for 4 meals for couples with 2.5 kids. According to TechCrunch, the average price per meal is also still £2.98 (really? still?) with a claimed four million meals shipped to 380k households each month. Just whipping out my abacus. I calculate implied revenues of some £12m p.m. In January 2019 they claimed to have been shipping 1.5 million meals a month. Gousto’s filed accounts show losses of £15.6m on revenues of £49.3m in 2018. By way of comparison, Gousto’s main archrival, Berlin-based HelloFresh, ended 2019 with revenues of €1.8bn on which it lost a net €10.1m, significantly less than the €82.1m loss in 2018. HelloFresh generated over €1bn from the US market but does not give a country breakout for the rest of its business. HelloFresh charges from £5.00 per meal, reducing to £3.40 for 5 recipes a week for 4 people. May the best box win!
BGF Ventures Investments
58 Investments
BGF Ventures has made 58 investments. Their latest investment was in Gousto as part of their Series F - II on November 11, 2020.

BGF Ventures Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
11/3/2020 | Series F - II | Gousto | $32.4M | No | BGF Ventures, and Perwyn | 5 |
4/16/2020 | Series F | Gousto | $41M | No | BGF Ventures, Joe Wicks, MMC Ventures, and Perwyn | 6 |
7/15/2019 | Series E - II | Gousto | $37.6M | No | 3 | |
1/24/2019 | Series B | |||||
1/7/2019 | Series E |
Date | 11/3/2020 | 4/16/2020 | 7/15/2019 | 1/24/2019 | 1/7/2019 |
---|---|---|---|---|---|
Round | Series F - II | Series F | Series E - II | Series B | Series E |
Company | Gousto | Gousto | Gousto | ||
Amount | $32.4M | $41M | $37.6M | ||
New? | No | No | No | ||
Co-Investors | BGF Ventures, and Perwyn | BGF Ventures, Joe Wicks, MMC Ventures, and Perwyn | |||
Sources | 5 | 6 | 3 |
BGF Ventures Portfolio Exits
9 Portfolio Exits
BGF Ventures has 9 portfolio exits. Their latest portfolio exit was toucanBox on October 05, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
10/5/2022 | Acquired | 4 | |||
Date | 10/5/2022 | ||||
---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 4 |
BGF Ventures Acquisitions
2 Acquisitions
BGF Ventures acquired 2 companies. Their latest acquisition was Abingdon Flooring on October 01, 2014.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
10/1/2014 | Leveraged Buyout | 1 | ||||
10/19/2011 |
Date | 10/1/2014 | 10/19/2011 |
---|---|---|
Investment Stage | ||
Companies | ||
Valuation | ||
Total Funding | ||
Note | Leveraged Buyout | |
Sources | 1 |
BGF Ventures Fund History
4 Fund Histories
BGF Ventures has 4 funds, including BGF Venture Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
9/1/2015 | BGF Venture Fund | Early-Stage Venture Capital | Closed | $306.1M | 1 |
6/1/2015 | BGF Ventures | ||||
12/31/2012 | Business Growth Fund | ||||
BGF Ventures Irish Fund I |
Closing Date | 9/1/2015 | 6/1/2015 | 12/31/2012 | |
---|---|---|---|---|
Fund | BGF Venture Fund | BGF Ventures | Business Growth Fund | BGF Ventures Irish Fund I |
Fund Type | Early-Stage Venture Capital | |||
Status | Closed | |||
Amount | $306.1M | |||
Sources | 1 |
BGF Ventures Service Providers
1 Service Provider
BGF Ventures has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Counsel | General Counsel |
Service Provider | |
---|---|
Associated Rounds | |
Provider Type | Counsel |
Service Type | General Counsel |
Partnership data by VentureSource
BGF Ventures Team
4 Team Members
BGF Ventures has 4 team members, including current Investment Partner, Rob Johnson.
Name | Work History | Title | Status |
---|---|---|---|
Rob Johnson | Investment Partner | Current | |
Name | Rob Johnson | |||
---|---|---|---|---|
Work History | ||||
Title | Investment Partner | |||
Status | Current |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.