Edge announces £40m fund for creative start-ups
Government-backed Creative Enterprise Fund will target Britain's high-growth businesses with intellectual property assets
Edge Investments has announced the delivery of a government-backed £40m fund which will invest in high-growth creative start-ups across Britain.
The Edge Creative Enterprise Fund will target businesses which trade in the creation, acquisition, management and commercialisation of intellectual property – and will provide portfolio companies with capital and mentoring to foster growth and innovation.
It will be looking to invest in fast growing small and medium enterprises which have access to core intellectual property assets and produce content that can be sold multiple times globally.
Alongside a significant investment from the government’s British Business Bank, the fund brings together private sector funding from a number of institutions and high net worth individuals.
Since launch in 2006, investment firm Edge has raised approximately £200m with investments in live events featuring the Rolling Stones, in-video advertising firm Mirriad, and games analytics company deltaDNA.
David Glick, CEO of Edge Investments, commented:
“The creative industries are one of the UK’s great success stories, an area where Britain excels. Our view is that a high degree of sector knowledge mitigates risk and also allows us to assess the most promising opportunities and most talented executives.
“Edge Creative Enterprise Fund will bring much-needed growth capital to smaller businesses in the creative industries, and we are grateful to the British Business Bank and all the fund’s investors for their support.”