Imagen secures £6.5m in Series B funding to accelerate international expansion
Downing Ventures led the Series B round with participation from 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.
Video platform provider Imagen has raised £6.5m in Series B funding led by Downing Ventures. The round included participation from Guinness Asset Management and existing backer Cambridge Innovation Capital.
The capital will be directed towards international expansion, specifically establishing a customer-facing sales and marketing presence in the United States, alongside continued product development and team growth.
The raise follows a period of robust commercial progress for the business, underpinned by a significant increase in annual revenue and adoption by prominent clients including Formula One and the BBC.
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