xDesign secures funding from Soho Square to accelerate growth
By Gloria Methri
Digital consultancy xDesign has secured a minority growth investment from Soho Square Capital, an investment firm focused on financing SMEs in the UK and Europe. The deal, which was agreed for an undisclosed amount, will see Joe Tebbutt, Principal at Soho Square, join the xDesign’s Board of Directors.
With Soho Square’s investment and support, xDesign will accelerate its expansion plans with a number of new office openings planned around the UK and internationally.
This latest announcement comes off the back of a period of rapid growth for xDesign which in the last two months alone, launched a new cloud computing division and acquired innovation and design company CreateFuture.
Euan Andrews, founder, and CEO of xDesign said, “In Soho Square, we now have an investor – and more importantly – a partner, that will help us amplify our mission to create a human-centric digital consultancy on a bigger scale whilst maintaining the independent mindset that has made us successful. With Joe, James, and the Soho Square team now in our corner too, I am really excited to see where we can take xDesign in the coming months and years, particularly given the current market appetite for digital transformation projects.”
Joe Tebbutt, Principal at Soho Square, said, “xDesign is a business that understands the true power of people to create great digital solutions that generate real positive change for clients and end users. As a result, Soho Square’s minority backing is a real investment in its talented team of people, its award-winning culture, and its unfaltering reputation for quality service and delivery – something which has already helped it build a high-profile roster of clients. We are delighted to now be a part of the xDesign story, and can’t wait to support it in accelerating its ambitious expansion plans.”
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