World expertise consultancy hedgehog lab has secured £6.3 million funding from BGF – one of many largest and most skilled progress capital buyers within the UK and Eire.
As a part of the multi-million-pound deal, the enterprise has introduced the acquisition of York-based digital product consultancy Netsells, in a transfer that can help the corporate’s formidable progress plans.
Headquartered in Newcastle and with operations within the US and Bulgaria, hedgehog lab works with a variety of world manufacturers, together with AJ Bell, Aviva, Deliveroo and Tesco Financial institution. It offers companies with cutting-edge cell app and internet improvement options and has grown quickly since incorporating in 2007.
Netsells is a digital product consultancy working throughout internet and cell, it’s ranked as one of many North’s quickest rising tech companies.
The 2 firms will come collectively below the hedgehog lab model and shall be headed up by hedgehog lab’s present CEO Sarat Pediredla alongside a brand new government board that features ex-Accenture Tune managing director and Karmarama founder Ben Bilboul.
Working within the quick progress cell and internet improvement sector, BGF’s funding will allow the Group to additional increase its service providing to enterprise purchasers and SMEs in each the UK and US.
Sarat Pediredla commented: “The acquisition of Netsells is a serious milestone for us as an organization. The mix of two corporations with established and famend capabilities will improve our providing and progress prospects massively by bringing collectively among the finest expertise within the business and facilitating our continued enlargement into new worldwide markets.”
The deal was led by John Healey and James Baker, buyers in BGF’s Yorkshire & North East group.
BGF’s John Healey stated: “We’re delighted to be supporting hedgehog lab on the subsequent stage of its progress journey. The corporate has already established itself as a number one world digital product consultancy and the acquisition of Netsells will mix the expertise and functionality of two nice groups, unlocking extra alternatives on this thrilling sector and positioning the enterprise as a reputable participant of scale within the world digital market.”