Fresh Prep Raises $21M in Series B Funding

Fresh Prep

Fresh Prep, a Vancouver, Canada-based meal kit company, raised $21M in Series B funding.

The round, which brought total funding raised to date to over $35m CAD, was led by Yellow Point Equity Partners with participation from Renewal Funds.

The company intends to use the funds to continue to accelerate growth through talent acquisition, automation, new products, and geographic expansion.

Led by Co-CEOs and Co-Founders Dhruv Sood and Becky Brauer, and COO and Co-Founder Husein Rahemtulla, Fresh Prep provides a meal kit delivery service that delivers everything needed to make meals at home using fresh ingredients in 30 minutes. With a focus on sustainability, pre-chopped ingredients are delivered in reusable cooler bags with fresh, locally-sourced ingredients whenever possible. Meals are affordable, diverse, and fit the needs of individuals, couples or families. This service is currently offered in over 20 municipalities throughout the Lower Mainland, the Okanagan, and Vancouver Island.

Currently, the Certified B Corporation® has a team of over 350 employees and services tens of thousands of customers across B.C.