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Monday, January 30, 2023

Leicestershire's Hike SEO backed by DSW Ventures - BusinessCloud - BusinessCloud

Last updated Tuesday, January 17, 2023 07:05 ET , Source: NewsService

MarTechInvestment

Hike SEO, a Leicestershire-based startup, has raised 675,000 in an investment round led by DSW Ventures with co-investment from incumbent investor, Jenson Funding Partners.

Hike’s DIY search engine optimisation platform is designed to help small businesses improve their visibility on Google in a cost-efficient but highly effective way.

The product tells the user what they need to know to build a bespoke SEO strategy – and then guides them through the execution of that strategy. Hike’s customers can optimise their online presence without the significant cost of engaging a specialist consultant.

Hike’s software is also aimed at digital agencies, allowing them to deliver SEO services as an additional value-add service to their clients.

The company, which is based in Lutterworth, was founded by CEO Andrew Allen and CTO Kieran Headley, who worked together as SEO experts before starting the business in February 2017. Since then Hike has grown rapidly, and now has over 1,000 customers and annual revenues of over 1 million.

The funds will be used to further invest in developing the platform and to make key commercial and operational hires.

Hike has also strengthened its board with the recruitment of two seasoned operators. Jim Hodgkins – the former MD of ContentCal, sold to Adobe at the end of 2021 – has joined the company as chair.

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