Gozney is a company with great design that stays connected to its customers. From limited edition colorways to creative food focused pop-ups, they’re good at maintaining that relationship.

Staying connected to their customers also is part of their growth journey. They did a crowdfunding round in 2019 for £1.7 million at a pre-money valuation of £19.8 million with the money going to accelerate overseas expansion and product development.

They had a funding round for an estimated £6.5 million close last year with investment firm Growth Partner, but now they’re back to doing another crowdfunding round. The crowdfunding is part of a private investment round led by investors that include incoming Board Chairman, Mario Marte.

Gozney has built something truly special. A brand customers love and products redefining what’s possible in outdoor cooking. Having worked on and led high-growth journeys at Hilton and Chewy, I see the same explosive potential here: a clear vision, massive market opportunity, a culture of innovation, and a world-class team. Gozney is just getting started, and I’m excited to join the team as we shape the company’s next chapter.

Mario Marte, Board of Directors at Gozney, FIGS, Best Buy, Former CFO Chewy

The capital raised, according to Gozney, will be used to accelerate their growth across global markets, scale production, invest in new product development, and deepen engagement with their passionate community.

Open to US Investors

For those that are interested in investing in Gozney and don’t live in the USA, they can do so on the crowdcube website. There’s more information there with a sign-up form to get started.

If you live in the USA, you can’t use crowdcube. You can potentially still invest in Gozney though. There is a section on Gozney’s website for US investors, but there are more stipulations due to government regulations.

To invest in Gozney in the US you have to be an Accredited Investor as defined by the Securites and Exchange Commission. That’s a requirement for investing in private securities offerings.

The purpose of the requirement is it’s meant to be a watermark for sophisticated investors. It’s purely financial in nature though. For an individual, they must meet one of the following financial qualifications.

• Net worth over $1 million, excluding primary residence (individually or with spouse or partner)
• Income over $200,000 (individually) or $300,000 (with spouse or partner) in each of the prior two years, and reasonably expects the same for the current year

In addition to being an Accredited Investor for US participants, Gozney is also requiring a minimum investment of $20,000.

Growth at Gozney

In conjunction with their equity raise, Gozney released a revenue number of $97 million for 2024. They also said they had 40% revenue growth in 2024 over 2023, which is significant year-over-year growth.

The last revenue amount we had for Gozney was $81.3 million for the year ending in March 2024 (adjusted from our previous article for a weaker dollar). We calculated a 37% growth rate over the previous year, so that growth has been consistent.