Envestors, the award-winning private investor network that sources dynamic companies seeking growth capital, was lead adviser. The funding was raised from its group of private investors, family offices and venture capital sources. The amount of the funding is not disclosed.
A significant participant in this first round of funding is the advertising entrepreneur Charlie Makin who has joined Capablue as a Director. He will play a hands-on role in propelling Capablue to the next level and developing its profile among brand owners and advertising agencies. Building on a successful 2012 after a number of major contract wins including UKTV, Chello Zone and Curzon on Demand, Capablue will use the funding for business development and expansion.
Bob Taylor, Founder Director of Envestors said: “Capablue is an exciting business at the forefront of the evolution of media and broadcast industries. I’m not surprised we attracted a lot of investor interest in this business given the rapid change taking place in this sector as well as the strength of the management team.”
“The market for the consumption of content and services has changed with the emergence of internet connected devices,” said Mr Makin. Tom Cape, CEO of Capablue, added: “Charlie’s involvement combined with this first round of investment highlights the market’s confidence in Capablue and will enable us to help content owners, brands and agencies exploit the value of their content by creating new and interesting commercial solutions for the connected ecosystem.”
