Venture Capital Investor Beringea injects £2 million into InSkin Media (ISM)
LONDON, October 2012
International venture capital firm Beringea has led a £2 million investment round into InSkin Media – the advertising technology and digital media specialist.
InSkin Media will use the growth capital investment to expand its UK operations, develop additional technology formats including mobile (to complement its new PageSkin Tablet format) and build on international opportunities, having recently launched its Hamburg office (InSkin Media GmbH).
InSkin Media has developed user-friendly, market-leading online advertising formats which deliver high yields for many of the UK’s biggest quality publishers and content distributors, including IPC Media, The Telegraph, VideoJug, The Independent, Future Publishing and Channel 4, while providing outstandingly effective brand campaigns for blue-chip companies such as American Express, Disney, Marks and Spencer, Samsung and Ford.
InSkin Media launched its commercial activities in 2009 and today has 36 staff, with offices in London, Hamburg and Stockholm. In 2012, the business will deliver 500 advertising campaigns through its premium, rich media advertising network.
In May this year, InSkin Media won 3 prestigious prizes at the inaugural British Media Awards, and also won Media Momentum's Award as the fastest-growing digital business in Europe in 2011.
Trevor Hope, Chief Investment Officer, Beringea, commented: “We have a strong track record of investment in the media sector, and are keen to back small, private, UK-based media companies such as InSkin Media. ISM has a clear market offering, a strong management team and real growth aspirations.
We are very pleased to be working with Hugo, who has exactly the right experience to take InSkin Media into its next period of growth”
Hugo Drayton, CEO, InSkin Media, added: “We are excited to be collaborating with Beringea, whose successful history and knowledge of digital media will complement ISM’s strengths. Trevor is the ideal partner for ISM; we look forward to working together to build a successful international business.”
Beringea is an international venture capital firm with offices in London and Michigan, U.S.A. Its London office invests between £1million and £4million in high growth companies. Beringea manages a number of funds, including the ProVen VCTs.
About the Proven VCTs:
The ProVen VCTs (ProVen VCT, ProVen Growth & Income VCT, Proven Health VCT and ProVen Planned Exit VCT) are funds raised under the government’s Venture Capital Trust scheme for supporting UK SMEs. The Original Ordinary share issues of ProVen VCT and ProVen Growth & Income VCT have generated higher Total Returns to investors than any other VCT share issues in their respective launch years, according to www.taxefficientreview.com.
About InSkin Media:
InSkin Media is an innovative advertising technology business, based in London, with offices in Hamburg and Stockholm. ISM’s effective, user-friendly, creative formats wrap around online video players and web pages, delivering high value to ISM’s premium publisher and brander advertiser partners. ISM’s trademarked formats include: InSkin Video; i-Roll; PageSkin; PageSkin Tablet.