Huq Industries raises £4 million from UK investors as it eyes expansion across Europe

Huq Industries, a UK-based company that provides data on footfall and visitor frequency to local councils, retail businesses and real estate developers, has secured £4 million in equity funding led by 24 Haymarket and alongside ACF Investors.

Conrad Poulson, CEO at Huq Industries, says: “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 behaviours.”

“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 capitalise on the immense demand that we are experiencing for our products across EMEA.”

James Campin, Investment Executive at 24Haymarket comments: ‘We are delighted to continue to support Huq Industries on their exciting journey. Their mobility insights enable businesses and local councils to improve consumer experiences and with this additional funding,”

“Huq will be able to deliver more actionable insights to its clients in both the UK and EMEA.’

Tim Mills, Managing Partner at ACF Investors, adds: “Huq Industries provides a valuable service for so many important sectors.”

“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. We’re excited to support a company at the forefront of this space.”