hedgehog lab
Sector
Software
Deal Type
Growth Capital
Initial Investment
September 2017
Transaction size
£1m
Location
Newcastle
Maven Office
Newcastle
About hedgehog lab
hedgehog lab is a technology company focused purely on app development, working with premium brands including Thales, The Financial Times, Channel 4, Mitsubishi and Microsoft HoloLens. The business develops a wide variety of apps used across a variety of devices and platforms, including smartphones, tablets, desktops and wearables.
Founded in 2007 by CEO Sarat Pediredla and Mark Forster, who between them have nearly 40 years’ experience as software developers, hedgehog lab’s revenues have grown significantly in recent years and the company now employs 120 people. The business is headquartered in Newcastle, and has five other offices across the world including the US, India and Denmark.
The time is right for hedgehog lab to take on external investment which will substantially drive growth. It became apparent very quickly that Maven was the right investor for us to partner with to help take the company to the next level, creating jobs in the North East and further afield. The team led by Michael Vassallo rapidly developed a solid understanding of our business and we look forward to working closely with them over the next few years. We see this deal as a vote of confidence in our business plan
Sarat Pediredla, CEO at hedgehog lab
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