KOMI Group secures £5.5m in growth capital from BGF to fund international expansion and acquisitions.
The follow on investment from BGF will support international expansion and strategic mergers and acquisitions.
Manchester based digital media business that creates and curates social first content for global audiences. The company works with brands, creators, and agencies to build engaged digital communities.
Manchester based digital media company KOMI Group has secured £5.5m in growth capital from existing backer BGF. The fresh injection of capital will support the company as it pursues international expansion and strategic mergers and acquisitions in the United States.
Since receiving initial backing from BGF in 2022, KOMI Group has expanded its audience reach to 113m followers across 46 brands. The business has also launched KOMI Talent, which has experienced notable year on year growth.
Leadership noted that the flexible funding model provided by BGF made them an attractive partner for this follow on investment. The company intends to deploy the capital immediately into live opportunities.
From the founder
"We’ve experienced a period of good growth with BGF’s support and created strong foundations to accelerate our global expansion. With renewed backing, we’ll look at US acquisitions where we can partner with agile, independent companies to drive innovation and grow more rapidly as a combined entity. We were attracted to BGF because of its flexible model and ability to provide follow-on funding so we can capitalise on growth opportunities. We’re energised by this investment and have a number of live opportunities ready to put the capital to work."
Sam Lenehan
Group Managing Director at KOMI Group
Use of funds
- 01Expand into international markets
- 02Fund acquisitions
Investors
Categories
About the company
KOMI Group
KOMI Group creates and curates engaging digital media content for global audiences.