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Huel IPO: What You Need to Know

May 29, 2023 8:35 am
Published by: Benjamin Baxter

If you’re interested in investing in the Huel IPO or you want to know when it is going public, this guide will have you covered with all the information you need to know!

What Does Huel Do?

Huel Ltd. is a British company that specializes in the production of vegan and therapeutic meal replacement options, including protein shakes and bars.

Huel also produces a variety of other options, such as instant meals, but what makes its business model special is that its products are fortified with all 27 essential minerals and vitamins.

The startup was founded back in 2014 by Julian Hearn and James Collier in Aylesbury, England.

In 2015, Huel released its first product, a protein powder, and the quick rise of the company allowed it to expand to Europe and the U.S. by 2017.

Huel IPO Outlook

As of early 2023, Huel didn’t release any official statements regarding its intentions to go public or set a specific date for an initial public offering.

However, in November 2021, reports by the Financial Times and Yahoo Finance showed that Huel is working with both JPMorgan Chase and Goldman Sachs to pick the best possible paths for future funding.

Huel sought the help of the two banks to advise on a potential IPO listing on London Stock Exchange to fund the company’s growth, and it was the preferred path over the floatation and sale of the company.

However, like many companies planning to go public in 2022, Huel has put its plans on hold, which is most likely because Huel is waiting for better market conditions for its next move.

In late 2022, Huel’s CEO, James McMaster, stated that the company is happy with its current investors and intends to stay private for the time being.

Huel Funding Rounds

The lucrative business model of Huel has encouraged many investors and celebrities to invest in the company.

Currently, Huel Ltd. has raised over £39.8 million (around $49.4 million) over two rounds of funding.

The first one was a venture round announced on October 4, 2018, which raised £20 million (around $24.8 million) from Highland Europe.

On December 1, 2022, Huel completed a Series B early-stage venture that raised £19.8 million (around $24.5 million) from various investors, led by Highland Europe, Idris Elba, Jonathan Stephen Ross, Grace Beverley, and others.

What Is the Estimated Value of Huel?

According to recent reports by TechCrunch, Huel’s value is currently estimated at $560 million, following the Series B funding led by various investors, including celebrities like Idris Elba.

However, as the company is expected to expand more in the next few years, some estimate that the value of Huel still has a lot of room for further growth.

Does Huel Generate High Revenue?

Huel’s revenue is increasing year by year. According to a report by Forbes, the company had a run-rate revenue of around $100 million and has sold over 100 million meals since it was founded.

Yet, since they are still expanding, the company’s sales didn’t always translate to net profits.

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The information in this article is well-researched and factual. Still, it contains opinions also, and IT IS NOT FINANCIAL ADVICE and should not be interpreted as such, do not make any financial decisions based on the information in this article; we are not financial advisors. We are journalists. You should always consult with a professional before making any investment decisions. We hold no stock or interests in any of the Companies discussed on this website/app.

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