# THG

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/thg

- Industry: Consumer Products
- Headquarters: Manchester, UK
- Website: www.thg.com
- Total disclosed funding: $22M
- Latest round: Series C (Apr 15, 2010)
- Investors on record: 3

## About

THG plc, based in the UK, is a global e-commerce company specializing in beauty and nutrition sectors, operating multiple online platforms to provide a diverse range of products to consumers.Founded in 2004 in Manchester, UK, THG plc operates in the e-commerce sector, primarily focusing on beauty and nutrition products. The company has successfully raised a total of GBP 2,330.00 mn across various funding rounds, with the latest being a Secondary Stock Purchase in September 2020, where it secured GBP 31.40 mn, backed by the Qatar Investment Authority. The founders include Abinash Gogoi, Dillon Zrike, Kayvon Taee, Matthew Booty, and Matthew Moulding, with Matthew Moulding serving as CEO.THG operates primarily in the beauty and nutrition sectors through its flagship brands, THG Beauty and THG Nutrition. THG Beauty comprises well-known online platforms such as Lookfantastic, Dermstore, and Cult Beauty, hosting over 1,300 third-party brands alongside a selection of owned brands. THG Nutrition, led by Myprotein, provides a comprehensive range of health and wellness products, catering to fitness enthusiasts and health-conscious consumers across global markets including North America, Europe, and Asia.In 2023, THG generated a revenue of GBP 2,544,317,557 and achieved an EBITDA of GBP 23,255,367.3, primarily through direct-to-consumer sales and strategic partnerships in both beauty and nutrition sectors.THG plc aims to enhance its market presence by launching new products in the beauty and wellness categories and expanding its reach into untapped regions. The company plans to allocate the funds raised from its IPO in 2020 to invest significantly in advancing its beauty and wellness brands and to further develop its freehold properties. This strategic investment is expected to bolster THG's operational capabilities and market penetration efforts.

## Funding rounds

- Series C, Apr 15, 2010, $22M — Balderton Capital, Artemis, The William Currie Group

## Investors

- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series C
- Artemis (https://capitalatlas.ai/funds/artemis) — Series C
- The William Currie Group — Series C