# Goodfood Market

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/goodfood-market

- Industry: Consumer Services
- Headquarters: Saint-Laurent, Canada
- Website: www.makegoodfood.ca
- Total disclosed funding: $1.1M
- Latest round: Seed (Apr 4, 2016)
- Investors on record: 2

## About

Based in Quebec, Canada, and founded in 2014, Goodfood Market Corp. fka Culiniste, and currently doing business as Goodfood, provides fresh meals and grocery products in Canada, including locations in Toronto, Montreal, Vancouver, and Calgary. The Company has been publicly traded on the Toronto Stock Exchange since June 2017 under the ticker symbol FOOD. As of 2021, Jonathan Ferrari is the CEO of the company. As of August 31, 2020, the company had approximately 280,000 active subscribers.

The company works across Canada to provide ready-to-eat and breakfast meals, which include ready-to-blend smoothies and other breakfast items, prepared meals, cooked meats and sides, and salads and soups; and private-label grocery items in various categories, such as bakery, dessert, meat and seafood, drinks, pantry, produce, snacks, dairy, and kitchen essentials, as well as olive oil, juice, and chocolate cookies.

The company's revenue is generated through planning, preparing and delivering ready-to-eat and breakfast meals to the customers. In 2020, the company generated a revenue of CAD 285.372 million. In the second quarter of fiscal 2021, the company's revenue reached CAD 100.7 million, which showed an increase of CAD 41.9 million or 71% year-over-year. 

In 2020, the company signed a lease for its first fulfillment center in the Greater Toronto Area as it plans to further expand its countrywide operating footprint.

## Funding rounds

- Seed, Apr 4, 2016, $1.1M — Ferst Capital Partners, edo Capital

## Investors

- Ferst Capital Partners (https://capitalatlas.ai/funds/ferst-capital-partners) — Seed
- edo Capital (https://capitalatlas.ai/funds/edo-capital) — Seed