PRESS RELEASE
Foresight leads a £5.0m Series B investment into Newsflare, a
global licensing platform and marketplace for user-generated video
content
- Newsflare is a marketplace for the monetisation of user generated video ("UGV") and currently has one of the leading fully-rights cleared UGV libraries in the world
- Funds will be used to increase Newsflare's global footprint, grow its talented team, and expand its Studios and Marketplace business across Europe, North America and Asia
- £4m investment from Foresight VCT and Foresight Enterprise VCT
London, 13 January 2022: Foresight Group LLP ("Foresight"), a leading listed infrastructure and SME investment manager, has made a £4m investment into Newsflare Limited ("Newsflare" or "the Company") from its VCT funds, together with an additional £1m investment from existing investor, Edge Investments. Foresight has a well-established track record of investing in the technology, digital and media landscape across its institutional and listed funds.
Newsflare was co-founded in 2011 by Jon Cornwell, CEO, and is headquartered in London with teams in Los Angeles and New York. Newsflare is a marketplace for the monetisation of user generated video ("UGV") and has one of the largest fully-rights cleared video libraries in the world, with over 244,000 licensable videos currently on its platform.
Over recent years, there has been a steady proliferation of high-quality digital video cameras on smartphones, drones, dashcams, GoPros and home video security systems, which has led to an explosion in the supply of UGV. As UGV is recognised as highly credible content and an effective means to drive audience growth and engagement, it's become a key source in supplying the creative media landscape.
Newsflare shares the revenues it generates with a 45,000+ strong global member base of filmers who capture the diverse, unique and powerful new video content it licenses.
This funding round, led by Foresight Group together with existing investor Edge Investments, will enable Newsflare to grow the number of fully licensed UGV clips on its cutting-edge platform and accelerate growth. The business' proprietary technology and Trust Algorithm™ authenticates IP ownership and allows customers - including the world's leading media companies, brands, agencies and social media platforms - to discover and license UGV content quickly and safely.
Commenting on the investment, Jon Cornwell, CEO of Newsflare, said: "We're delighted to welcome Foresight Group as a new investor in Newsflare at a time when the Creator Economy is being recognised as one of the commercial opportunities of the age. My thanks go out to the Newsflare team, right around the world. Their passion and commitment to our vision, our values and our mission are what
PRESS RELEASE
has made us successful so far and are what make the next stage of our journey so exciting. Finally, thanks also to our existing investors for their unwavering belief and support over the years."
Lindsay Duebendorfer, Investment Manager at Foresight, added: "We are looking forward to supporting Newsflare in continuing its impressive growth trajectory over the coming years, as UGV content is increasingly utilised as a key source of engaging media content. The team have extensive experience and we are pleased they have selected Foresight as their partner at this exciting inflexion point."
Advisers to Newsflare: | |
Corporate Finance Advisor: | White Horse Capital |
Legal Advice: | Simons Muirhead Burton |
Advisers to Foresight: | |
Financial DD: | HMT LLP |
Legal DD: | Shakespeare Martineau |
Commercial DD: | Luminii Consulting |
Technology DD: | CloudOrigin |
Management DD: | Catalysis |
Cyber DD: | KryptoKloud |
Insurance DD: | Lockton |
ENDS |
For more information contact:
Will Easton: foresight@citigatedewerogerson.com / +44 (0)7860 753 146
Borja Miquel: foresight@citigatedewerogerson.com / +44 (0)20 7025 6631
Notes to Editors
About Foresight Group LLP ("Foresight"):
Foresight Group was founded in 1984 and is a leading listed infrastructure and private equity investment manager. With a long-established focus on ESG and sustainability-led strategies, it aims to provide attractive returns to its institutional and private investors from hard-to-access private
PRESS RELEASE
markets. Foresight manages over 300 infrastructure assets with a focus on solar and onshore wind assets, bioenergy and waste, as well as renewable energy enabling projects, energy efficiency management solutions, social and core infrastructure projects and sustainable forestry assets. Its private equity team manages eight regionally focused investment funds across the UK, supporting over 120 SMEs. Foresight operates from 12 offices across six countries in Europe and Australia with AUM of £8.1 billion as at 30 September 2021. Foresight Group Holdings Limited listed on the Main Market of the London Stock Exchange in February 2021.
fsg-investors.com
About Newsflare
Life, with all its colour and craziness, sights and sounds, triumphs and tragedies, is the greatest show on earth. A spectacle that demands to be shared with audiences everywhere, through engaging captivating and enthralling user-generated video. Newsflare's constantly growing global membership of filmers are out there capturing life as it happens, uploading new clips all day, every day, to our huge, ever-expanding vault. It's alive with diverse, emotionally powerful content and fresh ideas that will resonate deeply with anyone audience on any platform - and we've made it quick and easy to search, select and license your clips. Moments that matter are being captured everywhere, all the time, and your audiences are hungry to see them. So, dive into Newsflare, and give them a front-row seat to the greatest show on earth.
www.newsflare.com
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Disclaimer
Foresight Group Holdings Ltd. published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 10:10:02 UTC.