Ostmodern secures £2m from Puma Private Equity to expand its video platform operations.
Puma Private Equity has provided a £2m investment to help accelerate the growth of the Skylark Platform and expand the team.
Ostmodern is a digital product design and technology business that builds video platforms for entertainment brands. The company operates from offices in London and New York.
Digital product design and technology specialist Ostmodern has secured £2m in growth private equity backing from Puma Private Equity. The capital will be directed towards scaling the company product offering, expanding the workforce, and establishing new partner channels.
Founded over a decade ago, the business has built streaming solutions for prominent clients including Formula One and Arsenal Football Club. The fresh injection of funds is intended to support the international reach of its proprietary content management platform.
From the founder
"It is great to have Puma Private Equity on board, a leading investor and a firm which understands the value of a strong brand and a company’s position within its marketplace. We feel the Puma team has real empathy for what we have achieved and the potential for our Skylark Platform. We all look forward to working with them closely in the future."
Tom Williams
CEO at Ostmodern
Investor perspective
"We are delighted to be supporting Ostmodern’s strong management team as they draw on their longstanding experience in the industry to capitalise on the considerable growth of video-on-demand that we are seeing worldwide. With customer and end user experience becoming increasingly important in our new digital landscape, we look forward to seeing the team lead the way in the rich media market."
Kelvin Reader
Investment Director, Puma Private Equity
Use of funds
- 01Grow the team
- 02Continue product development
- 03Fund the next phase of growth
