UCL School of Management

28 July 2016

POQ secures $4m to grow app commerce

Photo: POQ

Photo: poqcommerce.com

POQ - the app commerce startup created by two former MSc Technology Entrepreneurship students - has secured $4m in funding to expand the business.

Michael Langguth and Oyvind Henriksen, both School of Management alumni, made the announcement off the back of a funding round led by growth investor Beringea.

The business, which allows companies to setup app shops, has worked alongside clients including House of Fraser, Missguided and Liberty, facilitating thousands of transactions every day. It has hit £100m in app revenue and is growing at 600% year-on-year. 

After signing deals with Holland and Barrett and Made.com, the funding round was closed and the company outlined their intent use the funding to triple their development team, kick start international expansion outside of europe, and empower retailers to bring online shopping into the store.

You can find out more about POQ by visitng their website.

Last updated Thursday, 28 July 2016