London-based Huq Industries, a monitoring platform for decision-makers in local government, retail, and real estate has raised £4M in an equity round of funding.
The round was led by 24Haymarket alongside ACF Investors.
Founded in 2014, Huq is a data intelligence supplier that provides precise mobility insights, such as footfall numbers, to enable strategic professionals in government, banking, retail, and real estate to make confident judgments.
The company’s insights help merchants and owners of commercial real estate choose the right areas to concentrate their investments while also assisting local governments in creating better communities.
With the help of data-driven innovation, Huq claims the latest “evolution” of its insights platform, Huq Signals, enables a new age of mobility intelligence that enables its users to build communities that are safer, more resilient, and prosperous.
Huq says it will use the money to strengthen its position as Europe’s leading provider of mobility studies and to expand into new international markets. The company will also acquire “unique” data sources to strengthen and diversify its market research.
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