SEO companies upUgo and GoRank – both valued at over 5 million pounds – closed investment rounds last week, successfully raising funding from entrepreneur Hayden Rushton.
The two companies were wary of announcing this news in the current climate of economic uncertainty, but believe that it could give business owners hope by proving that deals are still closing and businesses can continue to grow. Both companies are now recruiting and expanding operations as SEO services and software demand has increased by 300% based on Google trend analysis since the COVID-19 outbreak.
“We are really excited to take both upUgo and GoRank to the next level and continue our growth in the UK market and internationally,” said Luke Sartain, founder and SEO of upUgo and co-founder of GoRank. “It is an exciting time to be in the SEO industry as global economies are turning to online channels for growth, expansion and security.”
Sartain and Rushton now plan to co-invest in companies in need of digital support during and after the outbreak. Already providing support and payment holidays where necessary for small businesses, they hope that any business with a need to pivot to online sales and marketing will reach out to upUgo and GoRank, as the two companies have the solutions available to transform traditional businesses into visible online entities.
Rushton is an entrepreneur and owner of multiple businesses, and became the sole investor for upUgo and GoRank. He was so impressed with their services that he bought a minority stake in both companies and specifically wants to accelerate growth and expand across the UK and into the US market.