A leading SaaS video management platform business has secured £6.5 million in a Series B funding round.
Imagen received the funding from an investor pool led by Downing Ventures and including capital from Guinness Asset Management Ltd and participation from existing investor, Cambridge Innovation Capital.
The company’s video management platform enables large sports organisations, media companies and enterprise sectors to intelligently manage their video content.
Its customers include Formula One, the Premier League, World Tennis Association, BP, Reuters, BBC and IMG, part of Endeavour. The secure platform is also used by the Ministry of Defence, and preserves archive collections for Imperial War Museums, the British Library and the BFI.
The investment follows a growth trajectory that has seen Imagen establish a significant foothold in the video management sector and become an essential piece of technology for sports, media and enterprise businesses looking to manage their expanding video and content libraries.
“We look forward to accelerating our global operations and are thrilled to be working with new investors to continue shaping the future of video management,” said Charlie Horrell, CEO of Imagen.
The funding will enable Imagen 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.
“We are delighted to be backing Imagen and the exceptional management team that has developed a market leading video management platform. We are now focused on supporting Imagen’s exciting UK and international expansion plans,” said Richard Lewis, Investment Director at Downing Ventures.