£6.4million investment in Manchester hosting firm
Miss Group has received a £6.4m investment from BGF to “accelerate its international expansion strategy.”
The company, which was founded in Manchester, also has offices in Stockholm, Miami and Sofia.
The cash will be used to scale up through organic growth and acquisition of web hosting companies in new and existing markets.
“We have moved at pace to add scale to our platform, improve our market share and increase our global coverage. Now that we have an established model and highly successful marketing campaigns which have generated strong organic growth, we are in a strong position to accelerate our expansion through acquisitions,” explained Mattias Kaneteg, founder and CEO of Miss Group.
“As our minority partner, BGF provides access to a large network both in the UK and internationally and potentially more funding as we expand. We are very much looking forward to working with them.”
The group has also appointed Phil Male as non-executive chair following an introduction by BGF. Male is chair of UK2 group and was previously chief strategy officer at Cable & Wireless Worldwide. He is also chair of Virtual1, which is also backed by BGF,
“With a proven track record in building successful businesses, Mattias and his team have quickly scaled Miss Group by attracting and retaining a high volume of customers. This is testament to the group’s model, relationships with customers and partners, and focus on high-quality service,” added Pinesh Mehta, an investor at BGF who will join the board of Miss Group.
“Miss Group has a clear and well thought out international growth strategy which they are ready to push ahead with. We’re delighted to be supporting this and to be backing such an ambitious, innovative and professional team.”
The investment in Miss Group was coordinated by Sedulo.