Gobble, a 15-minute meal kit delivery service, has raised $15 million in Series B growth financing from Khosla Ventures, TechCrunch has confirmed.
Khosla Ventures led the round, along with participation from previous investors A16z, Trinity Ventures and Initialized Capital.
Gobble came out of Y Combinator in 2015, around the same time many DIY meal kit services started to falter. For a while, it wasn’t all roses for Gobble, either. “I remember everything on our business charts was just going down and to the right,” founder Ooshma Garg wrote in a YC blog post in 2015.
However, the startup pulled through and was reportedly serving a million meals a year in 2015, though Gary says it’s “much more now.” Figures from a TXN report given to Gobble also claim a more loyal lifetime customer base than Blue Apron, Plated and other competitors at about $800 per year LTV.
“Gobble’s investments in culinary R&D and data science have enabled them to build a valuable member base who trust Gobble with their accounts running on ‘autopilot’,” noted Initialized Capital’s Garry Tan. ”
Gobble had previously raised $14.8 million in venture funding, bringing the total up to nearly $30 million.
The startup plans to use the new funds for hiring more team members and for expansion beyond the 32 states it currently serves.