Space 48 secures cash injection from private equity investor

Space 48 secures cash injection from private equity investor


by David Prior
Manchester ecommerce agency Space 48 is to boost its sales team and explore international opportunities after securing a cash injection from private equity investor Foresight.
The undisclosed investment will look to take the company - which has around 50 staff and is on track for in excess of £4m revenue in 2021 - "through its next stage of growth".
Space 48 provides a full range of ecommerce consulting services to the likes of Ordnance Survey, Richer Sounds and Bettys & Taylors of Harrogate.
As part of the deal, Foresight will appoint a chairperson from the industry who will be instrumental in leading the business through its next phase of growth, driving operational efficiencies and exploring expansion opportunities.

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