# Huel funding: rounds and investors

> Huel has raised $222M across 3 rounds since 2018. Investors include Highland Europe and Morgan Stanley Investment Management. Every round with its source.

Source: https://millionrounds.com/company/huel (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Growth startup](https://millionrounds.com/companies)

# Who invested in *Huel*

3 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Foodtech Wellness

Funding summary Updated 26 Oct 2026

**$222M** raised across 3 rounds since 2018, from 3 sources

**$26M** Round **$113M** Round **$83M** Growth

- **Latest round:** Growth, $83M Oct 2023
- **Biggest round:** $113M Round · Oct 2022
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023

**$26M** Round

**$113M** Round

**$83M** Growth

- **First round:** Round, $26M
- **Biggest round:** $113M
- **Usual gap between rounds:** 4 years

## The rounds

- **Oct 2023** Growth **$83M** *1 new* *1 returning* [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) [Highland Europe](https://millionrounds.com/fund/highland-europe) Source recorded
- **Oct 2022** Round **$113M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Oct 2018** Round **$26M** *1 new* [Highland Europe](https://millionrounds.com/fund/highland-europe) Reported by FinSMEs

## Funding filed with regulators

Huel filed 2 raises, $57M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Dec 2022 **$34M** UK share allotment
- Oct 2022 **$22M** UK share allotment

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2018 **Round** 2022 **Growth** 2023 [Highland Europe](https://millionrounds.com/fund/highland-europe) [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management)

## Everyone who backed them

[Highland Europe](https://millionrounds.com/fund/highland-europe) VC firm **2** rounds

[Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) Private equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=huel).

## Also claim to have backed them

These 2 firms list Huel as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[A-Rod Corp](https://millionrounds.com/fund/a-rod-corp) Family office Per its own site

[NM Capital](https://millionrounds.com/fund/nm-capital) Private equity Per its own site

## Quick answers about Huel

### Who invested in Huel?

Huel's investors include Highland Europe and Morgan Stanley Investment Management.

### How much has Huel raised?

Huel has raised $222M across 3 rounds since 2018.

### When did Huel last raise?

Huel's most recent round was a Growth of $83M in Oct 2023.

### What was Huel's biggest round?

Huel's largest round on record is $113M, in Oct 2022.

### Who backed Huel first?

Huel's first round on record, in Oct 2018, was backed by Highland Europe.

### What stage is Huel at?

Huel's latest named round is a Growth, in Oct 2023.

### Where is Huel based?

Huel is based in the United Kingdom.

## Companies like Huel

In the same sector, and raised in the last eighteen months.

[**MicroLub** $15M · Sept 2026](https://millionrounds.com/company/microlub)[**Qkine** $9.9M · Sept 2026](https://millionrounds.com/company/qkine)[**Feisty** $677K · Sept 2026](https://millionrounds.com/company/feisty)[**Healf** Aug 2026](https://millionrounds.com/company/healf)[**BSF Enterprise** $31M · Aug 2026](https://millionrounds.com/company/bsf-enterprise)[**Auralytica** $468K · Jul 2026](https://millionrounds.com/company/auralytica)

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