Poq raises £9.5m in Series B funding led by Smedvig Capital to fuel international expansion
Smedvig Capital led the Series B round with participation from Beringea and Revolt Ventures.
Share allotment filed at Companies House
Poq provides an app commerce platform that allows retailers to launch and manage mobile applications quickly and cost effectively.
Poq has secured £9.5m in a Series B funding round led by Smedvig Capital, with backing from Beringea and Revolt Ventures. The capital will support the company as it expands into the US market with new offices and accelerates its growth across the UK and Europe. Alongside the investment, the firm has appointed former Just Giving chairman Jonathan McKay as its new chairman.
The company operates an apps as a service platform designed to help retailers deploy and maintain mobile shopping applications more efficiently than traditional agency builds. This latest financing brings its total capital raised to £16.5m.
From the founder
"We’re incredibly excited to bring on board Smedvig Capital with their large experience in enterprise SaaS and are grateful to receive continued support from our long-term investors Beringea and Revolt Ventures. This will help us grow in the US market and has also allowed us to welcome Jonathan to the team as chairman."
Oyvind Henriksen
CEO and co-founder at Poq
Investor perspective
"We have been following Poq for a long time and have watched their blue-chip client list and top-quality team grow at a fantastic pace. We are very excited to join Oyvind, Michael and the rest of the Poq team as they continue building the clear category leader in the fast-growing app commerce space."
Jon Lerner
Managing Director, Smedvig
Use of funds
- 01Expand into international markets
