Arbnco ranked 46th in the list, with its 2019 business valuation jumping 12.4 times higher than in 2016. Aberdeen-based SPEX Group placed 89th. The study was put together by online investment platform Syndicate Room. Now in its third year, the study features a ranking of private UK companies that have most increased in value since 2016. SyndicateRoom commissioned new data from independent research firm Beauhurst for the report.
Arbnco was named in the list alongside some of the UK’s most well-known brands, including Revolut, Monzo and The Hut Group. Renewable energy provider Bulb won the top spot having increased its value 318 times since 2016, demonstrating that green businesses are on the rise.
Founded in 2015 by entrepreneurs Maureen Eisbrenner and Simon West, arbnco has grown from a team of five to 37. It now has offices in California and Michigan, alongside its HQ on George Street in Glasgow.
Maureen Eisbrenner, Co-Founder CEO & Chairman of arbnco, said:
“We are proud to have been recognized as Scotland’s fastest growing organisation. Glasgow is our home, and the access to research, talent, and funding here has helped to rapidly propel us.
“2020 is set to be another huge year for us, as we continue our mission to improve the energy and environmental performance of organisations and help reach net-zero targets.”
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