About Unilever Ventures
Unilever Ventures is a venture capital firm founded in 2002. It is primarily based out of London, United Kingdom. As of Jul 2026, Unilever Ventures is an active investor, having invested in 140 companies, with 4 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Retail to Consumer and Enterprise Applications. Most recently it participated in the $***** Series A round of Supply6 Overall, Unilever Ventures portfolio has seen 6 unicorns, 5 IPOs and 33 acquisitions including key companies like Instacart, Cult.fit and Seismic. A lot of funds co-invest with Unilever Ventures, with names like Twenty Nine Capital Partners sharing a substantial percentage of its portfolio. Unilever Ventures has team of 10 people including 6 partners.Key Metrics
Team Members
Portfolio Locations
Rounds of Entry
Series A, Seed & 4 more
Portfolio Acquisitions
Deals in last 12 months
Unilever Ventures' List of Top Investments
Unilever Ventures has a portfolio of 140 companies, including 6 unicorns. Their most notable investments are in Helpling and Blis.Their portfolio spans across United States, United Kingdom, India and 12 more locations. They have invested in Retail, Consumer, Enterprise Applications and 17 other sectors, across stages such as Series A, Seed and 4 more. Here is the list of top investments by Unilever Ventures:1. Instacart
Operator of an online marketplace providing grocery and delivery services. The platform connects customers with personal shoppers who fulfill orders from various retailers. Customers can select items, chat with shoppers, and schedule delivery or pickup. The marketplace offers a range of grocery, household, and other retail products. It also provides options for membership and business accounts.
Key facts about Instacart
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $2.93B
- Employee Count: 25,341 as on Aug 31, 2026
- Investors: TrueBridge, equitywestsecurities.com and 85 Others
- Latest Funding Round: Series F, Oct 15, 2021, $*****
- Highlight: Public
2. Cult.fit
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts. It offers various membership tiers providing access to different combinations of in-person and virtual fitness options. These options include group fitness classes led by trainers, access to gyms with varying levels of equipment and amenities, and live at-home workout sessions. Memberships also incorporate access to sports activities such as badminton and swimming. The company also provides coaching programs focused on weight loss and wellness resources. The offerings aim to create a holistic fitness experience.
Key facts about Cult.fit
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $714M
- Employee Count: 1,832 as on Apr 30, 2025
- Investors: Chiratae Ventures, Temasek and 100 Others
- Latest Funding Round: Series G, Mar 17, 2026, $*****
- Highlight: Editors' Pick
3. Seismic
Provider of an AI-powered platform for sales and marketing enablement. The platform offers content management, learning and coaching, and program strategy and execution. It also provides meeting intelligence, digital sales rooms, and AI capabilities. The platform aims to drive revenue, increase efficiency, and improve customer experience for teams.
Key facts about Seismic
- Founded Year: 2010
- Location: San Diego (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $440M
- Employee Count: 1,327 as on May 31, 2026
- Investors: T. Rowe Price, General Atlantic and 10 Others
- Latest Funding Round: Conventional Debt, Jun 13, 2024, $*****
- Highlight: Editors' Pick
4. Glance
Developer of an AI-powered shopping agent providing personalized style inspiration. The agent uses intuitive intelligence to curate a shopping feed. It collaborates to provide a shopping experience tailored to the user. The company also provides resources and a help center.
Key facts about Glance
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: $50M - $100M as on Mar 31, 2024
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $390M
- Employee Count: 584 as on May 31, 2025
- Investors: Mithril, Inspovation Ventures and 12 Others
- Latest Funding Round: Venture Debt, Mar 01, 2025, $*****
- Highlight: Editors' Pick
5. Huma
Developer of regulated software platforms for digital health care workflows. These systems unify clinical, operational, and research data to facilitate patient monitoring, triage, and clinical documentation. The technology provides tools for building applications that support remote patient management, emergency department assessments, and population health screening. By integrating disparate digital health systems, the infrastructure enables the automation of clinical tasks and the structured collection of medical information. The platform supports the deployment of tools for managing chronic conditions and conducting research studies through digital interfaces.
Key facts about Huma
- Founded Year: 2011
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $355M
- Employee Count: 288 as on Aug 31, 2026
- Investors: Nomura, HV Capital and 100 Others
- Latest Funding Round: Series D, Apr 25, 2025, $*****
- Highlight: Editors' Pick
Unilever Ventures' Year-on-Year Investment Trends
Unilever Ventures has invested in 140 companies over the last 24 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 8 investments, while as of Jul 2026, it has made 3 investments in this year. Its most recent first time investment was in Supply6 and most recent follow-on round was in Create Wellness.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 2 | 3 |
2025 | 6 | 2 | 8 |
2024 | 9 | 1 | 10 |
2023 | 6 | 4 | 10 |
2022 | 6 | 1 | 7 |
2021 | 11 | 4 | 15 |
2020 | 4 | 8 | 12 |
2019 | 8 | 9 | 17 |
2018 | 6 | 6 | 12 |
2017 | 10 | 3 | 13 |
Unilever Ventures' Investments by Stage
Unilever Ventures has made 30 investments in Series A stage with an average round size of $8.73M, 28 investments in Seed stage with an average round size of $3M and 18 investments in Series B stage with an average round size of $19.8M.Stage of entry | No. of Investments |
|---|---|
Series A | 30 |
Seed | 28 |
Series B | 18 |
Series C | 10 |
Series D | 3 |
Others | 1 |
Note: We have considered here, only first round of investments
Unilever Ventures' Investments by Sector
Unilever Ventures has a diverse portfolio, with companies operating in the Consumer, Retail, Consumer Goods, Life Sciences and HealthTech. Notably, it has invested in 102 Tech companies, 79 Consumer (B2C) companies, 38 Enterprise (B2B) companies and at least 32 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 38 |
Retail | 33 |
Consumer Goods | 24 |
Life Sciences | 18 |
HealthTech | 16 |
Others | 56 |
Note: We have considered here, only first round of investments
Unilever Ventures' Investments by Geography
Unilever Ventures has made most investments in United States (40), followed by India where it has made 22 investments.Country | No. of Investments |
|---|---|
United States | 40 |
India | 22 |
United Kingdom | 20 |
Australia | 3 |
Indonesia | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
Unilever Ventures' recent investments
Unilever Ventures has made 3 investments in 2026 so far. Supply6 and Create Wellness are the latest among them.Here are the most recent investments by Unilever Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 01, 2026 | India | Series A | 9500 | [+2] | |
Mar 30, 2026 | United States | Series B | 9632 | [+1] | |
Mar 02, 2026 | India | Series B | 7190 | [+3] | |
Dec 26, 2025 | India | Seed | 3835 | ||
Dec 04, 2025 | India | Series A | 9591 | [+8] |
Unicorns in Unilever Ventures' Portfolio
Unilever Ventures has 6 unicorns in its portfolio - DealShare, Cult.fit, Jellysmack and others. The most recent unicorn in their portfolio is DealShare. It became a unicorn in 2022.Here is a list of unicorns in Unilever Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Retailer of groceries and household essentials | 2018 | Bengaluru | Series E | qayheqj | ||
83 | Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru | Series G | dnsbqti | ||
68 | Video content creation platform for businesses | 2016 | New York City | Series C | iietjku | ||
78 | Developer of an AI-powered shopping agent providing personalized style inspiration | 2019 | Bengaluru | Series D | xetbgie | ||
74 | Provider of recipe boxes containing fresh ingredients and recipe instructions | 2012 | London | Series F | ahydxtw |
IPOs and Publicly Listed companies in Unilever Ventures' Portfolio
5 of Unilever Ventures' portfolio companies have become public. Instacart got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2023 at marketcap of $8.3B and Intercos got listed on the Euronext Exchange (Euronext).Here are Unilever Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 19, 2023 | - | - | 4964 | |
Nov 05, 2021 | - | - | 1236 | |
Jun 03, 2021 | - | - | 8424 | |
May 14, 2021 | - | - | 7094 | |
Dec 19, 2017 | Mar 21, 2016 | Series D | 3534 |
Acquired companies in Unilever Ventures' Portfolio
33 companies from Unilever Ventures' portfolio have been acquired. The most recent acquisition was Blis in Mar 2025 by T-Mobile for $*****.Here are Unilever Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 05, 2025 | Apr 12, 2016 | Series B | 7419 | |
Jan 22, 2025 | Jul 23, 2021 | Series A | 1113 | |
Apr 19, 2024 | - | - | 1961 | |
Apr 02, 2024 | - | - | 2633 | |
Dec 20, 2023 | - | - | 2397 |
Team profile of Unilever Ventures
Unilever Ventures has a team of 10 members including 6 Partners and 3 Principals located in United Kingdom and India. Unilever Ventures' team sits on the board of 3 companies.Here is a list of all team members in Unilever Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | London | - | ||
Partner | London | - | ||
Partner | Mumbai | Plum and Milkbasket | ||
Partner | London | - | ||
Partner | London | |||
Partner | - | - | ||
Principal | - | - | ||
Principal | United Kingdom | - | - | |
Principal | Mumbai | - | - |
Co-investors of Unilever Ventures
Over the past 24 years, 883 investors have co-invested in Unilever Ventures's portfolio companies. This includes funds and angels.
- Invested before Unilever Ventures: Chiratae Ventures, Angel List and 464 others have invested in rounds before Unilever Ventures. There are 3 companies where Chiratae Ventures has invested before Unilever Ventures and 3 companies where Angel List has invested before Unilever Ventures.
- Top Co-investors of Unilever Ventures: 209 investors entered a company along with Unilever Ventures. These include investors like Twenty Nine Capital Partners (3 companies).
- Invested after Unilever Ventures: A total of 208 investors have invested in Unilever Ventures's portfolio after their investments. Top Investors include HSBC (2 companies), Trifecta Capital (2 companies) and Twenty Nine Capital Partners (2 companies).
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