What Red Squirrel Technologies does

Red Squirrel Technologies is a privately held, bootstrapped software development consultancy founded in 2015 and headquartered at 7953 Beckwith Rd, Unit #353, Morton Grove, Illinois, operating on a 100% remote, forever basis with a globally distributed team of developers, designers, and product managers. The firm serves mission-driven organizations and mid-market clients across healthcare, insurance, RegTech, B2B marketplaces, civic tech, and Web3, with named engagements including Handshake, Gitcoin, Performance Health Partners, Root Insurance, Legacy.com, Civitech, Provi, Ascent RegTech, Quickbeam, Blockade Labs, and Benton Place Partners. Its service portfolio spans five lines: greenfield product development, technical and product fractional leadership (including fractional CTO and VP of Engineering), M&A audits and technical due diligence, tech staff augmentation, and emerging technology services covering AI, Web3, blockchain, and smart contracts.

The company builds custom web applications, mobile apps, and decentralized applications using Ruby, Python, Node.js, React, GraphQL, Golang, and Solidity-based smart contracts, with team members credited as authors of the O'Reilly book 'Hands-On Smart Contract Development with Solidity and Ethereum.' Revenue is generated through time-based professional services billed by the week with biweekly invoicing, plus project-based fractional leadership and due-diligence engagements, with no public pricing disclosed. Go-to-market is direct and sales-led, with inbound generated through the website contact form, blog, newsletter, LinkedIn presence, and the published book, with no resellers, distributors, or marketplace channels.

The firm is founder-led by Dave Hoover, with Hope Morley serving as Head of Operations, and reports no institutional investment, acquisitions, or parent-company relationships. Notable client outcomes attributed to Red Squirrel engagements include unlocking 14,000 new customers and over $200,000 in sales within two months for Provi, supporting Ascent RegTech to a $27M Series B, and preventing a $10M bad acquisition for Benton Place Partners. In October 2023, Clutch named Red Squirrel a Top Software Developer in Illinois, and the firm states it tripled headcount in 2021 during a deliberate diversity-and-inclusion hiring push.

Name

Red Squirrel Technologies

Legal name

Red Squirrel Technologies

Website

https://redsquirrel.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Red Squirrel Technologies is a 100% remote, U.S.-based software development consultancy founded in 2015 that builds custom web, mobile, blockchain, and AI-adjacent applications for mission-driven and mid-market enterprises through greenfield development, fractional leadership, M&A due diligence, and staff augmentation services.

Ownership category

akta.pro rank

Product category

Custom Software Development Consulting

NAICS

Management Consulting Services (54161)

akta.pro primary industry

DevOps, SRE & Platform Engineering Consulting (BPAHAEAK)

Keywords

• Custom software development
• Tech staff augmentation
• Blockchain smart contracts
• Technical due diligence
• Fractional CTO services

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Time-based Consulting Services: The company charges for hours dedicated to client projects. They typically bill by the week, adjusting for days off. Invoices are sent every other week. This time-based billing model provides transparency into resource allocation and project phase contributions.
2. Staff Augmentation Services: Provides tech staff augmentation services integrating skilled professionals into client projects. Global team of full stack developers, UI/UX designers, AI/ML engineers, and other technical experts are provided to supplement client teams.
3. Project-based Services: Greenfield product development, technical due diligence audits, and fractional leadership engagements billed through time-based consulting.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Red Squirrel Technologies is a custom software development consultancy that builds web, mobile, and blockchain applications for mission-driven organizations. It delivers five integrated service lines: greenfield product development, technical and product fractional leadership (including fractional CTO), M&A technical audits and due diligence, tech staff augmentation, and emerging technology (AI, Web3, blockchain/smart contract) services. Engagements are staffed by a globally distributed, 100% remote team of full-stack engineers, UI/UX designers, and product managers.

Product overview

Red Squirrel Technologies is a custom software development firm serving mission-driven organizations, offering five integrated service lines: Greenfield Product Development for building new products from concept to launch; Technical and Product Fractional Leadership for executive-level guidance including fractional CTO roles; M&A Audits and Technical Due Diligence for acquisition assessments; Tech Staff Augmentation for embedding full-stack developers, UI/UX designers, and AI/ML engineers; and Emerging Technology Services for blockchain, Web3, and AI solutions. The company operates as a services firm rather than a SaaS platform, providing tailored technical expertise to social enterprises, climate tech, and healthcare organizations.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 14,000 new customers unlocked for Provi within one quarter
• +4 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• GitcoincoreTechnology or IntegrationGitcoin is a client for whom Red Squirrel has built blockchain solutions. Gitcoin is a platform focused on funding open source development and quadratic funding in the Web3 space. Red Squirrel's blockchain development expertise was applied to support Gitcoin's technical infrastructure needs.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Hashrocket: Hashrocket is a Ruby/Rails and Elixir consultancy that ships custom software for startups and growth-stage companies. It overlaps with Red Squirrel on greenfield development, fractional leadership, and senior staff augmentation engagements.
• Atomic Object: Atomic Object is a custom software consultancy with a values-driven culture that designs and builds digital products for clients across industries. Its discovery-to-launch product development model parallels Red Squirrel's greenfield engagements.
• Levvel: Levvel is a technology consulting firm offering custom development, fractional leadership, and digital transformation for mid-market and enterprise clients. It competes with Red Squirrel in fractional CTO/VP of Engineering and technical due diligence work.
• Thoughtbot: Thoughtbot is a custom software consultancy with a strong values-driven, design- and Ruby-heavy practice serving startups and mission-driven clients. It directly mirrors Red Squirrel's product development, staff augmentation, and fractional leadership offerings.
• DockYard: DockYard is a digital product consultancy specializing in custom web and mobile development for enterprise and mission-driven clients. Its service mix of product development, fractional leadership, and staff augmentation closely mirrors Red Squirrel's offering.
• 8th Light: 8th Light is a custom software consultancy with a craftsman culture and global team delivering greenfield development and technical leadership. It competes head-to-head with Red Squirrel for mission-aligned and enterprise clients.
• Carbon Five: Carbon Five is a custom software development consultancy building digital products for startups, enterprises, and social impact organizations. It shares Red Squirrel's emphasis on small senior teams, values-driven culture, and impact-oriented clients.

Broad incumbents

• Andela: Andela is a global engineering talent platform with a distributed workforce model similar to Red Squirrel's, but at far greater scale and with enterprise staff augmentation as its primary product.
• BairesDev: BairesDev is a large nearshore software development firm offering staff augmentation and dedicated teams to enterprise clients. It competes with Red Squirrel on custom development and team embedding but at a much larger, more cost-driven scale.
• Toptal: Toptal is a large global talent marketplace that competes with Red Squirrel's staff augmentation and fractional leadership lines, but at a much broader scale and with a marketplace rather than dedicated-team model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/red-squirrel-technologies
• Xx.com/redsquirrel

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Red Squirrel Technologies