Stoov® ranked Europe's third-fastest-growing eCommerce firm - Business Leader News

Stoov® ranked Europe’s third-fastest-growing eCommerce firm

Stoov, the Dutch cordless heated cushion and chair cover brand, has been named on the renowned FT 1000 Fastest Growing Companies in Europe for 2023, ranking number 37 overall.

In a huge achievement for the young brand entering the list for the first time, it also takes the third spot for eCommerce companies, outperforming bigger name brands. Stoov is also the second-best-performing Dutch company out of the four featured.

Now in its seventh year, the FT 1000 is an annual list ranking businesses by revenue growth and is determined by a set of European criteria as well Statista data:

  • HQ in Europe
  • An independent company
  • Primarily organic growth
  • Minimum revenue growth targets from 2018 and 2021

Stoov’s successful rise across the region has resulted in double revenue growth over the past 12 months and launches in four new markets in Europe. The company is seeing even greater demand for affordable heating solutions as consumers face tough choices between heating and eating in some households, as homeowners everywhere look to turn their thermostats down to save on bills.

Niek Veendrick, CEO of Stoov says: “I am super proud that we have ranked so high on the list of FT 1000 Fastest Growing Companies. Stoov has been growing strongly over the last few years with our product offering that combines design, smart technology and sustainability. We have been on our way for several years in the Netherlands and Germany but there is still plenty of potential to keep more people warm!

“Last year we also added four new countries to our portfolio: the UK, Spain, France and Denmark. The response in these markets has been beyond expectations and we are delighted to see such enthusiasm for our heating cushions from new customers.

“We are already heating 750,000 people worldwide and we plan to reach many more – not just people who feel the cold, but to offer a solution that’s better for the planet too.”

Stoov, a brand on a mission to warm people not the planet, was founded in the Netherlands in 2014 by Teun van Leijsen, inspired by his wife who was constantly feeling cold. Using wireless infrared technology, Stoov’s range of cushions and chair blankets are stylish and sustainable as they are made from durable recycled and recyclable materials.