Prague, 21 March 2022 – The prestigious FT 1000 ranking of Europe’s fastest-growing companies includes two from Pale Fire Capital’s portfolio – furniture and decoration search engine FAVI and global mobile virtual training platform ROUVY.
The sixth edition of the FT1000 ranking, in cooperation with German data provider Statista, has once again identified the 1,000 fastest growing companies in Europe. The FT1000 suggests that the smartest and most innovative companies are prospering despite the pandemic or Brexit. While a number of European companies have reported a decline in sales and profits over the past 12 months, the strongest companies have managed to kick-start or restore their growth tempo, and the FT1000 provides an overview of the most promising ones.
“It’s great news for PFC that two of our portfolio companies have been included in the Financial Times ranking, we really appreciate it. Our joy is overshadowed only by the events of the last few weeks, which we are now intensely focused on,” said Jan Barta, Partner at Pale Fire Capital.
“Of course, we are very pleased. It’s an appreciation of the work of our entire team over the last period, which has been difficult and we have been forced to adapt very quickly to the changes in consumer behaviour, to the massive shift of shopping online. Furthermore, we are working hard to help retailers break down the fears and prejudices that are still often associated with online furniture shopping,” comments Jan Sellers Zajic, CEO and one of the founders of FAVI.
“We are very glad to be included in the ranking. Last year we managed to expand our team and thanks to our new colleagues we literally put the pedal to the metal. Hundreds of thousands of users are actively signing up for the races we co-organize, and this encourages us to go even further with the business, despite all the circumstances we have all been facing lately,” Petr Samek, CEO of ROUVY, explained the details.
Again this year, Italy (235 companies in the FT 1000) and Germany (194) had the largest representation in the ranking. The Czech Republic has 11 companies on the list, last year it had only two representatives. To be included in the ranking, a company must meet a number of criteria.
Further details are available here.