Member Article

Digital agency secures £500,000 venture capital fund

Liverpool-based digital agency, Ph.Creative, has won a £500,000 investment from the North West Fund for Venture Capital.

The company announced plans use the fund to double in size and expand its workforce from 24 to 40 people by the end of 2013.

Ph.Creative said the cash, which is provided by the European Development Fund and the European Investment Bank, will help support its ambitions to become a forerunner in the UK’s digital agencies.

The firm was established in 2004 by managing director, Bryan Adams, and serves big-name customers such as Dulux, Michelin and Mastercard.

Mr Adams 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.

“We’ve made headway in attracting and retaining both national and international clients over the last 12 months but the new team members will help to further strengthen the depth and understanding within the agency, enabling us to deliver even more of these big projects.

“We’ve identified a number of specific opportunities which we believe will have an immediate impact on our business and are excited to see what they year ahead has in store.”

Will Clark of Enterprise Ventures worked on the funding alongside Lisa Ward, while Ward Hadaway and Melanie Yeomans acted as legal advisors for the fund.

Mr Clark commented: “Ph.Creative is a young, fast-growing company with an impressive client base and a track record for implementing projects in a smooth and efficient manner.

“This investment will support the company’s growth plans and help create high-value jobs at a time when funding for small firms is extremely difficult to find.”

This was posted in Bdaily's Members' News section by Miranda Dobson .