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VANCOUVER, BC, March 9, 2021 /PRNewswire/ -- Vegano, Canada's first 100% plant-based meal-kit delivery service, announced today that it had completed a $4.2 million Series A fundraising round. The investment round brings Vegano's funding to $6 million since it was founded in March 2020 and its post-money valuation to $14 million. Vegano will use the funding towards its go-to-market strategy, business development and marketing efforts, accelerating new product development, and preparing for the launch of its vegan marketplace this coming April.
Vegano logo against white background
This round of financing adds to the already strong year for Vegano, which officially launched its service on Jan. 4, 2021, and has delivered over 2,000 of meals across Metro Vancouver, Squamish, and Whistler. Initially, Vegano aimed to raise $2 million but exceeded that amount by more than double in the oversubscribed financing round.