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July 19, 2023

Huq Industries secures £4M for European mobility data expansion

Empowering Pros with Mobility Insights

UK-based Huq Industries, a leading provider of mobility insights to professionals in government, retail, real estate, and finance, has successfully secured £4 million in funding. The investment round, led by 24 Haymarket and featuring participation from ACF Investors, will propel the company's expansion plans across Europe. Huq Industries' insights platform offers valuable data on footfall and visitor frequency, equipping businesses with actionable information to understand real-world behaviors.

With an increasing demand for actionable insights into real-world behaviors, Huq Industries is thrilled to have received strong support from like-minded individuals within the UK investor community. The infusion of funding is like a shot of adrenaline for Huq Industries, positioning them to ride the immense market demand across Europe, the Middle East, and Africa (EMEA). With this financial boost, they are poised to seize the opportunity and meet the growing appetite for their products head-on.

Conrad Poulson, the CEO of Huq Industries, "We are delighted to have garnered such strong support from like-minded individuals in the UK investor community as we expand our operations to meet the growing demand for actionable insights on real-world behaviors. This funding will enable us to build on the world-class team that we have put together here at Huq in order that we can capitalize on the immense demand that we are experiencing for our products across EMEA."

Tim Mills, a managing partner at ACF Investor, said: "Via the insights that they provide, Huq helps its customers attain a better understanding of the current economic and societal landscape so that they can make the best decisions for their needs."

Huq Industries' recent funding success underscores the recognition of their invaluable contributions to the industry. With a strong foothold in the UK market and ambitious plans for European expansion, the company is well-positioned to lead the way in delivering actionable insights that empower businesses to make data-driven decisions, ultimately driving their success in an ever-changing world.

Josefina Dipaolo
Josefina Dipaolo
Content Writer at TechNews180
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