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Imagen secures funding for expansion plans

UK-based video management company Imagen has secured £6.5m (€7.4m/$8.4m) of funding in a Series B round as it aims to expand into Europe and the US.

Imagen, whose sports clients include football’s English Premier League, the Formula One motor-racing championship and the Women’s Tennis Association, received the funding from an investor pool led by Downing Ventures.

The round also included capital from Guinness Asset Management and participation from existing investor, Cambridge Innovation Capital.

Imagen said the funding will enable the firm to expand its global operations and make “significant inroads” into the US and European markets. Imagen will be establishing a customer-led sales and marketing presence in the US, as well as accelerating product development and the growth of its technology division.

Charlie Horrell, chief executive of Imagen, said: “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.”