Imagineer closes £1m funding
Funds and Private Investors buy Imagineer growth plans
Surrey Hub client Imagineer Systems has just announced the successful close of a £1 million investment round to accelerate growth of the business.
A syndicate, led by London Seed Capital and including South East Growth Fund and Oxford Technology 4 VCT, has provided a development capital injection of more than £1 million into Imagineer Systems Ltd. The round also included co-investment from members of London Business Angel Network.
Imagineer has built a successful international business through the sale of its suite of advanced software tools for professional film and video post industry. Its proprietary cutting-edge image processing technologies have been used in a wide number of Hollywood blockbusters including X-Men 3, Pirates of the Caribbean II and Eight Below.
The new funding will allow the company to build on its current success by strengthening its sales, marketing and support operation, particularly in the dominant US market where an office will be established and in high growth markets such as India and China. It will also develop new areas to exploit its technologies. This will include the establishment of a digital media advertising service business which will provide an end-to-end in-video advertising service to corporate clients. CEO Allan Jaenicke said, “We are delighted to have this strong vote of confidence for our plans from both current and new investors. We look forward to launching exciting new products in all our international markets.”
Contact www.imagineersystems.com
Author: Ally Charles
Created Date: 08-11-2006
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