Hedgehog lab secures £900k Series A follow-on from Maven Capital Partners to accelerate growth
Maven Capital Partners led the follow-on investment to support management expansion and revenue targets.
Hedgehog lab is a digital product consultancy that builds software applications for clients across international markets. The firm generated global revenues of £5m in 2019.
Digital product consultancy hedgehog lab has secured £900k in a Series A follow-on round from Maven Capital Partners. The fresh capital will support the company as it targets doubling revenues to £10m by the end of 2021.
The funding follows a strong 2019 in which global revenues reached £5m, bolstered by international expansion particularly in the US market. Alongside the investment, the firm has appointed Charles Andrews as Chairman and Martin Porton as Finance Director.
From the founder
"A few years ago, we decided to accelerate our scaleup journey by seeking an investor partner who shared our ambition of building a world-class technology consultancy in the North East."
Sarat Pediredla
Chief Executive Officer at hedgehog lab
Investor perspective
"An innovative player in the technology market who we first backed in 2017, we’re delighted to support hedgehog lab as it embarks on an exciting programme of growth. A dynamic and well-managed business, hedgehog lab has already proven their ability to consistently design and build great software and we look forward to working with Sarat and the team to drive the business forward."
Michael Vassallo
Investment Director, Maven Capital Partners
Use of funds
- 01Accelerate go-to-market
Investors
About the company
hedgehog lab
Hedgehog lab is a digital product consultancy that builds software for global brands.