The list recognises companies that have not only enjoyed rapid growth but have made a major contribution to their sectors by advancing the causes of entrepreneurship, innovation and job creation and less than 500 UK companies are featured on the list.
The Inc. 5000 Europe is ranked based on three-year revenue growth. To qualify, companies have to be based in Europe, be privately held, for profit, and independent – not subsidiaries or divisions of other companies. It’s sister list ‘The Inc 500’ which lists the 500 fastest growing companies in the US, can count organisations such as Intuit, Microsoft, Pandora and Timberland amongst its Alumni.
As Europe’s leading provider of retail and shopping mall loyalty and CRM solutions, Coniq has enjoyed rapid growth, which has seen its revenue grow by over 50% in the past year alone. As a result, it has received a £2.3 million funding injection from LEPE Partners following its second round of funding, taking its total investment to £9.5 million. This has allowed it to strengthen its senior management team with three new hires, expand into Middle Eastern and American markets, whilst also continuously supporting its existing global base of leading retail destinations.
Coniq’s chief executive officer, Ben Chesser said: ‘The Inc 500 list has a long history of identifying ‘the ones to watch in America’ so I am delighted to have been ranked on the Inc 5000 list of Europe’s fastest growing companies alongside dynamic brands such as Brewdog, Grosvenor Estates, Pure Gym and Secret Escapes.”
“This listing is a testament to the hard work and dedication of the entire Coniq team. Data has become the undisputed currency underpinning retail businesses and our loyalty programmes have given shopping centres, outlets and retailers the depth of insight needed to understand and reward shoppers based on specific buying journey behaviours, which in turn drives revenue, engagement and repeat visits. “
“As a result, we have established a reputation as one of Europe’s leading PropTechs in the retail loyalty sector, driving our growth in Europe and across the globe.”