Imagen secures £6.5m in Series B funding led by Downing Ventures to drive international expansion
The video management platform raised the Series B capital from Downing Ventures, Guinness Asset Management, and Cambridge Innovation Capital.
Imagen provides a software as a service video management platform that helps organisations control and distribute their digital media content. The business serves major clients across sports, media and enterprise sectors.
Imagen has secured £6.5m in a Series B funding round led by Downing Ventures. The financing also drew participation from Guinness Asset Management and existing backer Cambridge Innovation Capital.
The capital will be directed towards expanding the company presence in international markets, particularly the US and Europe. Funds will also support product development and grow the technology and sales teams following a year of strong revenue growth.
Advisory services for the transaction were provided by ICON Corporate Finance.
From the founder
"This funding is clear recognition of the value our partners and prospects see in the platform. We have a world class roster of clients across the sports, media and enterprise sectors and have a healthy pipeline going into 2019. We look forward to accelerating our global operations and are thrilled to be working with new investors to continue shaping the future of video management."
Charlie Horrell
CEO at Imagen
Investor perspective
"We are delighted to be backing Imagen and the exceptional management team that has developed a market leading video management platform. We are now focused on supporting Imagen’s exciting UK and international expansion plans."
Richard Lewis
Partner, Downing Ventures
Use of funds
- 01Expand into international markets
- 02Invest in sales and marketing
- 03Continue product development
Investors
Richard Lewis
Downing Ventures
Malcolm King
Guinness Asset Management
Victor Christou
Cambridge Innovation Capital