LONDON, UK. 9th September, 2024 - NOQ Group, a leading software provider in the events sector, proudly announces the successful closure of a £3.4 million funding round, bringing the company’s total funding to £5.1 million. This new financial backing further accelerates NOQ’s mission to transform financial operations and vendor management at events and festivals through its cutting-edge POS and payments platform.
NOQ Group is redefining how festivals and events manage multiple vendors, payments, and data. The company’s platform integrates seamlessly into the event ecosystem, offering features like real-time data intelligence, vouchers, loyalty programs, multi-network payment coverage, and offline transaction capabilities. From mobile ordering via progressive web apps to advanced Kitchen Display Systems (KDS) and split revenue functionalities, NOQ’s comprehensive suite addresses the complex needs of modern event organisers.
“Securing this funding is a significant milestone in our journey to create the most efficient and seamless POS & payment solution for multi-vendor events," said Param Kanabar, CEO of NOQ Group. "We’re committed to equipping event organisers with powerful tools that streamline operations and maximise revenue.”
The £3.4 million capital injection underscores investor confidence in NOQ’s vision and strategy. These funds will enable NOQ to further develop its single-currency platform and enhance its product suite, driving continued innovation in the events sector. Plans include expanding into new global markets and strengthening the company’s operational infrastructure.
The company’s insights-driven approach is powered by advanced reporting features, including PowerBI dashboards and the NOQ Insights app. These tools provide organisers with real-time data to make informed decisions, optimise performance, and deliver a superior event experience.
At the heart of NOQ’s success is its dedicated team, which functions as an extension of its clients’ on-site operations. From setup to execution, NOQ’s experts work hand-in-hand with festival and event management and staff, ensuring every aspect runs smoothly. This commitment to customer success has made NOQ an indispensable partner for high-profile festivals and events.
NOQ’s innovative solutions have already earned the trust of leading festivals and event businesses, including Green Man Festival, National Merchandise, Black Deer Festival (JOY Concerts), On The Beach Brighton (JOY Concerts), Secret Garden Party, Foodies Festival, Peppermint Bars, Streamline Leisure, CarFest (Event Merchandising), Mint Festival, SoulTown, Brighton Pride, and Street Food Circus. The sporting sector is also on board, with the Scottish Open (&Munch), The Open Championship (Peppermint Bars), The RBC Heritage (SERG Restaurant), and LIV Golf (Performance 54) leveraging the technology to elevate their events.
With its growing traction in the market, NOQ Group is poised for a period of accelerated growth. The company plans to leverage its latest funding round to continue enhancing its offering, ensuring a future where events are more connected, efficient, and profitable.
“We’re at a pivotal point in our journey,” added Param. “This funding not only validates our progress but also sets the stage for even greater innovation and expansion. We’re excited to build on this momentum as we continue to redefine the event management space.”
NOQ Group invites partners and event organisers to connect and explore how the company’s platform can elevate their events. With new developments on the horizon, NOQ is ready to push the boundaries of what’s possible in event management and vendor operations.
For more information or to schedule a consultation with a solutions expert, please visit NOQ Website or contact louise@noqgroup.com.
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