Venture-backed Chefs Plate to be acquired by HelloFresh
Chefs Plate, a Toronto-based meal-kit delivery company, has agreed to combine its Canadian business with that of Germany's HelloFresh, which operates in the same sector. HelloFresh will acquire all shares of Chefs Plate for an undisclosed amount, creating a national company with targeted revenue to about $200 million. Founded in 2014 by CEO Jamie Shea and Patrick Meyer, Chefs Plate delivers kits of locally-sourced farm fresh ingredients and recipes to customers' homes. Its investors include Acton Capital Partners, BrandProject, Emil Capital Partners and InvestEco Capital Corp, as well as Comerica Bank. HelloFresh is also venture-backed, counting Insight Venture Partners and Rocket Internet among its investors.
17 October 2018•3 mins read
