Instabox has been recognized as one of the fastest-growing companies in Europe by the Financial Times’ annual FT1000 ranking.
Instabox ranks 3rd on the list among tech companies in Europe, 1st in Sweden in all categories, and 10th overall.
Financial Times ranks European companies based on growth over the last five years. With a growth of ~300 percent yearly since 2017, Instabox makes its first entry on the prestigious list. Instabox currently employs ~2,700 employees and serves consumers and merchants in Sweden, Norway, Denmark, and the Netherlands. In 2021, revenues amounted to 70 million euros.
“This is a great recognition of all the hard work a lot of people have put in over the last five years. Some truly great and inspirational companies have made it into the top-10 over the years, and I hope that our journey can serve as an inspiration to others. I’m extra proud that we have achieved this extreme growth without sacrificing our commitment to sustainability,” says Alexis Priftis, Founder and CEO of Instabox.
Instabox looks to continue its rapid growth over the next years by expanding its services and adding new merchants in existing and new markets. In 2022 Instabox will launch its services in Germany with plans to add more markets. Instabox, as a completely fossil-free shipping company, will also benefit from an increased focus on sustainable options, both from merchants and online shoppers. In Sweden, the online beauty retailer Lyko recently decided to remove non-fossil-free options from their checkout altogether, and the trend to prioritize sustainable alternatives is expected to continue.