Dublin-based healthy meal-kit delivery service DropChef has received €2 million in funding from Dublin-based private equity group VentureWave Capital.
As reported by The Irish Times, the €2 million in funding is the first investment that VentureWave Capital has made as part of a new €100 million fund that it has set up for Irish technology companies.
The funding will be used to assist DropChef in achieving a number of goals, including the expansion of its menu and the expansion of its educational outreach programme, the aim of which is to steer people away from consuming processed food and towards healthier eating.
"Doing Tens Of Thousands Of Meals A Month"
The Irish Times quotes DropChef co-founder Ryan Scott as saying, "We've been doing tens of thousands of meals a month and that number is continuing to rise. The growth we saw in one week alone early in the [COVID-19] crisis was what we were hoping to achieve over a six-month period."
"Educating And Empowering"
DropChef co-founder Roman Grogan stated, "Part of our mission is to make cooking more accessible so it is seen as something that everyone can do. For younger people in particular, we want to help them understand where ingredients come from and how to use them. It is about educating and empowering them to eat better."
Meanwhile, VentureWave Capital's co-founder, Brian Martin, who is joining DropChef's board, commented, "Consumers want to eat healthily but often can't find convenient and environmentally-friendly options. DropChef solves this problem, and we are delighted to be backing [DropChef co-founders] Ryan, Roman and Sam [O'Byrne] to help scale this rapidly expanding Irish business."
© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.