SEMCAP Food & Nutrition has made a substantial minority investment in Fresh Prep, a Canadian meal subscription service known for its zero-waste innovation, to support its national expansion and commitment to sustainability.

Target Information

Fresh Prep is a Canadian meal subscription service founded in 2015 by friends Becky Brauer, Dhruv Sood, and Husein Rahemtulla, aiming to make sustainable, high-quality meals accessible to busy households. The company distinguishes itself with its patented 'Zero Waste' food kits, which are designed for both convenience and sustainability, thereby addressing the growing concern of excess packaging in conventional meal kits.

Operating across British Columbia, Alberta, Ontario, and Quebec, Fresh Prep offers weekly selections of over 35 ready-to-cook and ready-to-eat meals, along with 150 grocery staples. Notably, it is the first Canadian meal subscription service to achieve Certified B Corporation status, aligning profit with purpose and reinforcing its commitment to sustainability.

Industry Overview

The subscription meal service industry in Canada has seen significant growth as consumers increasingly seek convenient yet healthy dining options. Factors such as busy lifesty