There is no doubt the plant-based foods industry is among the fastest-growing in the world. In the US, this market is worth over 4.5 billion dollars and has grown 5 times the pace of total food sales. The European market has experienced similar growth.
Huel Raises €24M in Funding Round Backed by Idris Elba & Other Celebrities
Nutritionally complete food specialist Huel has raised €24 million in a funding round to continue its mission of providing sustainable nutrition for all. The new investment will support the company’s R&D, product innovation, online and retail scale-up, and international expansion focused on the US market. Highland Europe led the round, joined by a group of celebrity investors including actor Idris Elba and his wife Sabrina Dor Elba (both UN Goodwill Ambassadors). Other participants included TV presenter Jonathan Ross and Grace Beverley, CEO of sustainable activewear brand TALA. The new investment gives the company a valuation of over €540 million. James McMaster, CEO of Huel, said, “Highland Europe has been a strong backer for our business in the last four years, and we’re delighted about the extra …