INVEST RAISE ABOUT INSTITUTIONAL arrow_back BACK 21 February 2019 A leading SaaS video management platform which holds both current and archive footage for major sporting organisations and news outlets, including Premier League, World Tennis Association and the BBC, has secured £6.5 million in a Series B funding round led by Downing Ventures. The round also included capital from Guinness Asset Management Ltd. and existing investor Cambridge Innovation Capital. The platform, Imagen, helps sports, media and enterprise businesses to manage their expanding video and content libraries on its cloud-based technology. Imagen announced 88% year on year growth in 2018 driven by clients including Premier League, World Tennis Association, BP and IMG, part of Endeavour. It has also worked with Olympic Broadcasting Services to store and distribute exclusive footage to sponsors of the 2018 PyeongChang Winter Olympics. The £6.5 million funding will support Imagen’s plans to expand its global operations and make significant inroads into the US and European markets. The business is already preparing to establish a customer led sales and marketing presence in the US, as well as accelerating product development and the growth of its technology division. Imagen was advised by ICON Corporate finance as part of the funding round. Charlie Horrell, CEO of Imagen, comments: “This funding is clear recognition of the value our clients 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 our journey towards building the world’s smartest video management platform.” Richard Lewis, Investment Director at Downing LLP adds: “The market for businesses like Imagen is growing rapidly, driven by the volume of rich media content created by organisations of all shapes and sizes, as well as consumers’ growing demand for more varied, visual, ways to engage with online content. “We’re really excited to support this dynamic team at what is a crucial stage in their business growth, as they push into new major markets and we look forward to watching Imagen go from strength to strength.” - ends - For all press enquiries, please contact: Pamela Morris, PR Director at the lang cat 0131 202 6037 / 07712 515 503 pamela@langcatfinancial.com Jean Birrell, Downing LLP 07799555353 jean.birrell@downing.co.uk Downing Home Our story The team News & views Responsible investing Careers Contact us Invest Bonds EIS Estate planning Downing Fund Managers VCT Existing investor Investor centre Institutional Institutional investors Infrastructure asset management Raise Development Capital Energy Healthcare Leisure Property Wholesale Finance Ventures Ventures home About ventures Portfolio Ventures team Ventures careers Legal & support Privacy & cookie policy Information Security Policy Statement Terms and conditions Terms of business Inducement disclosure FAQs Pillar III Modern slavery statement Fraud prevention Complaints Social Twitter LinkedIn Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: St Magnus House, 3 Lower Thames Street, London EC3R 6HD. VAT Number: 112 940 149 We use cookies to ensure that we give you the best experience on our website. Click here for more information. DISMISS