Digital agency signs £500,000 investment deal with the North West Fund for Venture Capital
Ph.Creative set for recruitment drive following latest cash injection
Liverpool-based digital marketing agency Ph.Creative has secured a £500,000 investment from the North West Fund for Venture Capital.
Managed by venture capital firm Enterprise Ventures, the £30m North West Fund for Venture Capital is the fast growth business arm of the £155m North West Fund, launched in December 2010 under the European Commission’s Joint European Resources for Micro to Medium Enterprises Initiative (JEREMIE) to support small and medium-sized companies based in the north west.
The new funding is set to support the recruitment strategy of Ph.Creative, which is hoping to expand from 24 to 40 staff by the end of 2013.
With customers including Dulux Decorator Centres, Nationwide, Mastercard and Michelin, Ph.Creative is hoping that the cash injection will enable them to deliver their marketing services to an increasing number of national and international clients and support the firm’s drive to become a leading digital agency.
Bryan Adams, managing director of Ph.Creative commented: “Following substantial growth in 2012, we felt the time was right to seek this significant investment and securing it is a vital step forward for us.”