Ethey operates a premium direct-to-consumer meal delivery service with roughly 100 customized menus catering to health preferences such as vegan and keto, and promises 24-hour delivery across North America. The company produces meals from a sustainable manufacturing plant in London, Ontario and highlights zero food waste practices, including an on-site worm farm and plans for fully reusable, compostable, and consumable packaging. Ethey has been bootstrapped for five years prior to taking on outside partnership and investment. The newly raised capital is intended to support U.S. marketing as the company plans to expand south of the border in the fall. Management is exploring acquisitions in adjacent categories to complement existing product lines. Leadership says the business anticipates reaching $100 million in annual revenue within the next 16 months and has been approached by private equity groups and a category leader as potential acquirers; an IPO is also being considered within a year or two.

Total raised

$20M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2021