Mobility intelligence company Huq Industries has secured £4 million in equity funding.
Founded in 2014, the London firm provides data on footfall and visitor frequency to local councils, retail businesses and real estate developers.
It aims to empower social stakeholders to enact measures that enhance the quality and experience across these spaces.
The funding was led by 24 Haymarket alongside ACF Investors and will be used to bolster Huq’s position as the foremost provider of mobility research in Europe and facilitate its expansion into new international markets.
Huq says its next evolution of its insights platform, Huq Signals, empowers data-driven innovation to enable a new era of mobility intelligence to enable its customers to create safer, more resilient and prosperous communities.
Conrad Poulson, CEO at Huq Industries said: “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, commented: “We are delighted to continue to support Huq Industries on their exciting journey.
“Huq’s 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.”