European Scaleup Antavo Sees 30% Revenue Surge, Ahead Of 2025 Funding Round

  • Loyalty technology provider targeting a 30%+ year-on-year uptick in revenue
  • A string of new client launches included Scandic Hotels, Flying Tiger Copenhagen and Whittard
  • Key product updates to be announced as the business prepares for its next round of fundraising
Leading European SaaS scaleup,听聽is celebrating record results among its rapidly growing team as the business looks to the final quarter of 2024.
Thanks to several new loyalty programme launches, customer-centric product updates and company-wide recruitment,听Antavo聽is forecasting a 30%+ year-on-year increase in revenue for 2024 as the business prepares for a Series B funding round in 2025, aimed at facilitating further technological developments and broader global expansion.
Antavo聽has bolstered its client roster this year following collaborations with several brands, including Scandic Hotels, Flying Tiger Copenhagen, C&A, Whittard, Peek&Cloppenburg, Politix and Yara. The contract wins support growth and showcase the team鈥檚 ability to develop innovative and engaging loyalty programmes for brands across various sectors.
The company has also invested 60% of revenue in customer-centric product launches and updates, including a dedicated Shopify app and Klippa integration to enable receipt scanning, which allows shoppers to access a brand鈥檚 loyalty rewards even when purchasing through a third party, as is the case with 70-80% of all purchases.
Co-founder and CEO Attila Kecsmar commented: 鈥淭hese exciting business updates directly reflect our dedication to customer success and contribution to the evolution of the loyalty industry. By listening to and prioritising our customers鈥 needs, we鈥檝e made significant enhancements that empower them to achieve even greater outcomes by increasing critical customer engagement.
鈥淭heir success stories are a testament to our strong market position, and as we enter the final quarter of 2024, we are showing no signs of slowing. We will introduce our biggest-ever product release in October, powered by AI and representing the beginning of a new chapter for the business.鈥
Alongside financial growth,听Antavo聽has built its team, with staff now operating across three continents and a new team in North America launched in response to growing regional demand. Former Chief of Staff Kathryn Wright has also been promoted to Chief Operations Officer and will manage internal growth, as well as HR and customer success.
Antavo聽was named in the Major Players Category in IDC MarketScape: Worldwide Retail Loyalty Software Providers 2024 Vendor Assessment. Furthermore, earlier this year, Zsuzsa Kecsmar,听Antavo鈥檚 co-founder and Chief Strategy Officer, was named Loyalty Personality of the Year at the International Loyalty Awards in recognition of her commitment to developing the loyalty sector. The provider also scooped industry awards for clients, including Benefit Cosmetics and Bergzeit.
Attila continued: 鈥淎s we prepare for our next fundraising round and growth phase, it鈥檚 vital that we have the very best team of experts powering聽Antavo. This enables us to continue innovating and expanding our capabilities, ensuring that we remain at the forefront of the industry while delivering unmatched value to our customers and partners.
鈥2024 has been a year of milestones for聽Antavo聽so far, and we鈥檙e just getting started. Our next product release and the upcoming launch of the Global Customer Loyalty Report 2025 signal the start of a new chapter for the business and will see us revolutionise the loyalty sector. We can鈥檛 wait to show the world what we鈥檝e been working on!鈥
For more information, visit聽www.antavo.com