Operating in Europe and Asia, Redeem has experienced 100 per cent growth this year, with turnover now in excess of £20 million per annum.
Redeem currently works with some of the UK’s and Ireland’s largest brands to offer innovative customer recycling programmes, including network operator O2 and retailers Boots and Sainsbury’s. With ambitious plans to grow the business, the new management team will focus on existing markets, including network operators and mobile retailers in the UK and Europe. This will be supported by expanding the company’s product recycling portfolio to support the global expansion in new consumer products such as smart phones, and tablets. Scottish based Redeem, which will retain its headquarters in Falkirk , was originally established in 1999 and has grown from a UK-based printer cartridge recycling business to an international multi-device recovery and recycling specialist.
“Q Advisors and Acuity Advisors managed our first-ever fundraising process with a high degree of professionalism and swiftness, casting a wide net and leveraging their longstanding senior-level relationships with institutional VCs and growth equity investors in the US and Europe to deliver a successful outcome for Innoveo. Their team’s knowledge of underlying technology, SaaS subscription models, and insuretech/fintech vertical was exactly what we were looking for to position Innoveo with growth equity investors. Their senior staff worked closely with my team to articulate Innoveo’s differentiation against a fragmented market backdrop and exhibit Innoveo’s unique technological, commercial, and financial attributes that made us stand out from the pack. This funding puts Innoveo on a path to accelerate growth and I look forward to continuing to work with Q and Acuity in the future.”
AMIR GHAFFAR | CEO
Innoveo