A expertise firm that helps retailers analyse footfall information extra successfully has raised tens of millions of kilos in funding from one in all Britain's main networks of angel traders.

Sky News understands that Huq Industries will announce this week that 24Haymarket has led a £4m fundraising.

The capital can be used to facilitate Huq's growth into new markets, in addition to to accumulate new information sources to reinforce its service to shoppers.

Huq gives mobility information resembling footfall volumes and customer frequency to native authorities, retailers and property builders, aiding their selections about future investments.

"We are delighted to have garnered such strong support ... as we expand our operations to meet the growing demand for actionable insights on real world behaviours," Conrad Poulson, CEO at Huq Industries, stated.

"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, funding govt at 24Haymarket, stated: "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 [Europe, the Middle East and Africa]."

24Haymarket's community of angel traders have backed dozens of corporations, together with Wattbike, the train bike producer, and Monterosa, a fan engagement platform which works with broadcasters.

ACF Investors, beforehand generally known as the Angel CoFund, additionally participated within the fundraising.

Tim Mills, managing companion at ACF Investor, stated: "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."

Content Source: information.sky.com