Coniq
Deal Type
Growth Capital
Initial Investment
January 2020
Sector
Technology
Fund
Growth Capital
Status
Current
Coniq is an award-winning CRM and loyalty platform used by the world’s leading shopping malls, outlets and retail brands to generate business value from data. Recognised as a pioneer and leader in the industry its technology simplifies the shopper engagement process enabling its clients to develop and run dynamic data-driven loyalty programs, helping build richer relationships with their customers.
Marketeers can effectively and quickly increase sales by leveraging one of the industry’s largest repositories of customer loyalty data to understand and anticipate the purchasing behaviour and intent of shoppers. Coniq powers over £1 billion of sales annually for its customers, with over 17 million consumers in 24 countries globally, delivering an average increase in sales per customer of 32%.
This investment will be used to transform the future of the offline retail industry, which has struggled over the years to counter competition from online players, by building on our success with our award-winning technology.
Ben Chesser, CEO at Coniq