- Companies
- THG Ingenuity
THG Ingenuity Valuation, Funding & Investors
THG Ingenuity is valued at $8B as of May 2021.
Last THG Ingenuity valuation
$8B
Undisclosed stage · May 2021
Last THG Ingenuity funding round
$1.6B
Undisclosed stage · May 2021
Cumulative funding THG Ingenuity raised
$1.6B
across 1 funding round
Key investors in THG Ingenuity
About THG Ingenuity
THG Ingenuity is the technology division of THG plc powering the parent company's e-commerce ecosystem. Manchester-headquartered, it supplies a proprietary cloud platform handling site management, personalization, logistics, and payments for brands including Myprotein, Lookfantastic, and Dermstore. The service supports peak traffic exceeding one million orders daily across 160 countries, enabling scalable online retail operations.
Founded
2004
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$8B (May 2021)
THG Ingenuity Valuation
THG Ingenuity is currently valued at $8B, based on its undisclosed-stage round in May 2021.
The $1.6B round was led by SoftBank Group.
THG Ingenuity valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2021 | Undisclosed stage | $8B |
THG Ingenuity Funding History
THG Ingenuity has raised a total of $1.6B across 1 funding round.
THG Ingenuity funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2021 | Undisclosed stage | SoftBank Group (lead) | $1.6B | $8B | THG Ingenuity is the technology platform subsidiary of THG (The Hut Group), handling e-commerce logistics, warehousing, and operations for brands like Nestle and Coca-Cola. In May 2021, SoftBank led a $1B fundraising for THG with $730M investment, including an option for SoftBank to invest $1.6B for a 19.9% stake in the then-to-be-formed THG Ingenuity, valuing it at $6.2B (or £4.5B). This option was part of a financial and trading collaboration but was later terminated by mutual agreement due to challenging market conditions. The deal highlighted Ingenuity's growth potential despite contributing less than 1% of THG's turnover at the time. THG reported FY2021 (ended Dec 2021) revenue for THG Ingenuity at £51.9M, up 28.6% YoY, with Ingenuity Commerce revenue at £45.4M, showing strong momentum. No specific post-money valuation for a completed VC round in Nov 2021; the referenced date aligns with the May 2021 announcement and option structure. THG aimed to separate Ingenuity to unlock value and pursue global growth via M&A, supported by the SoftBank capital. Adjusted EBITDA for THG group was £161M in FY2021 on £2.2B revenue, but no EBITDA isolated for Ingenuity. |
Who has invested in THG Ingenuity?
1 investor has backed THG Ingenuity across its funding rounds, including SoftBank Group.
Lead investors include SoftBank Group.
THG Ingenuity Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by THG Ingenuity
THG Ingenuity has invested in 1 company to date.
Latest investment by THG Ingenuity was on September 17th 2021. THG Ingenuity invested in Civo in their $2M Strategic investment round.
Latest Investments by THG Ingenuity
| Description | Civo is a London-headquartered cloud provider specializing in Kubernetes clusters deployed in 90 seconds across US, Europe, and Asia regions. It hosts 10,000 workloads for startups like Vercel users, offering GPU instances for AI training at 50% lower cost than AWS. With bare-metal servers in Equinix data centers, Civo reports 99.99% uptime and $10 million ARR. |
| HQ Country | |
| HQ City | Stevenage |
| Deal Date | 17 Sep 2021 |
| Round | Strategic investment |
| Raised | $2M |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all THG Ingenuity investments and their VC round multiples. Start Free Trial | |
THG Ingenuity Competitors
THG Ingenuity competitors include listed companies like Wix.com and Xinhua Winshare, and private ones like Nuvemshop, Automattic, Houzz and Webflow.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $3.1B | - | ||
| Private | $45M | - | $7.5B | - | ||
| Private | - | - | $4B | - | ||
| Private | $100M | - | $4B | 40.0x | ||
| Publicly listed | $2B | ($13M) | $3.3B | 2.0x | ||
| Publicly listed | $1.7B | $248M | $1.9B | 0.4x |
THG Ingenuity Public Comps
THG Ingenuity is still privately-owned, but its public comps include Chewy, Zozo, Global-e, Nykaa, Alibaba Health, Zalando, Meesho, Rakuten, Vipshop and Mango Excellent Media.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $13B | $377M | 0.7x | 0.7x | 23.6x | 10.6x | |||
| $1.5B | $490M | 4.4x | 4.3x | 13.0x | 12.5x | |||
| $962M | $159M | 6.2x | 4.8x | 37.5x | 22.4x | |||
| $1B | $77M | 9.4x | 8.3x | 126.6x | 99.1x | |||
| $5.1B | $278M | 0.9x | 0.9x | 16.6x | 15.4x | |||
| $14B | $784M | 0.4x | 0.4x | 7.6x | 5.2x | |||
| $1.3B | ($143M) | 7.4x | 6.3x | (68.4x) | (83.6x) | |||
| $16B | $2.1B | 0.9x | 0.8x | 6.9x | 4.8x | |||
This data is available for Pro users. Sign up to see all THG Ingenuity competitors and their valuation data. Start Free Trial | ||||||||
Common questions about THG Ingenuity
| When was THG Ingenuity founded? | THG Ingenuity was founded in 2004. |
| Where is THG Ingenuity headquartered? | THG Ingenuity is headquartered in Manchester, United Kingdom. |
| Is THG Ingenuity publicly listed? | No, THG Ingenuity is a private, VC-backed company. |
| What is THG Ingenuity's valuation? | THG Ingenuity was last valued at $8B in its undisclosed-stage round in May 2021. |
| How much funding has THG Ingenuity raised? | THG Ingenuity has raised $1.6B across 1 funding round. |
| What was THG Ingenuity's last funding round? | THG Ingenuity's last funding round was a $1.6B undisclosed-stage round in May 2021, led by SoftBank Group. |
| Who are THG Ingenuity's investors? | THG Ingenuity's investors include SoftBank Group. |
| Which companies are comparable to THG Ingenuity? | Companies comparable to THG Ingenuity include Nuvemshop, Automattic, Houzz, Webflow, Wix.com and Xinhua Winshare. |
| How many companies has THG Ingenuity invested in? | THG Ingenuity has invested in 1 company, including Civo. |
| What was THG Ingenuity's last investment? | In September 2021, THG Ingenuity invested in Civo's $2M strategic investment round. |
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