Hedgehog Lab secures £6.3m from BGF to fund Netsells acquisition
The investment from BGF backs the digital consultancy's acquisition of Netsells and international expansion plans.
Global technology consultancy providing mobile app and web development solutions to major brands. Headquartered in Newcastle with operations in the US and Bulgaria.
Global technology consultancy Hedgehog Lab has secured £6.3m from BGF to support its ongoing growth and fund the acquisition of digital product consultancy Netsells. The transaction brings together two prominent firms in the web and mobile development sector under the Hedgehog Lab brand. The combined business will be led by current chief executive Sarat Pediredla alongside a newly appointed executive board. BGF backed the round to help the expanded group broaden its service delivery for enterprise clients and smaller businesses across domestic and international markets. The funding package also facilitates a full exit for previous investor Maven.
From the founder
"The acquisition of Netsells is a major milestone for us as a company. The combination of two firms with established and renowned capabilities will enhance our offering and growth prospects massively by bringing together some of the best talent in the industry and facilitating our continued expansion into new international markets."
Sarat Pediredla
CEO at Hedgehog Lab
Investor perspective
"We are delighted to be supporting hedgehog lab on the next stage of its growth journey. The company has already established itself as a leading global digital product consultancy and the acquisition of Netsells will combine the talent and capability of two great teams, unlocking more opportunities in this exciting sector and positioning the business as a credible player of scale in the global digital marketplace."
John Healey
Investor, BGF
Use of funds
- 01Fund acquisitions
- 02Expand into international markets
Investors
About the company
Hedgehog Lab
Hedgehog Lab delivers bespoke mobile and web development solutions for global enterprises.