01/13/2022 | 05:11am EST
Foresight leads a £5.0m Sequence B funding into Newsflare, a
world licensing platform and market for user-generated video
- Newsflare is a market for the monetisation of consumer generated video ("UGV") and presently has one of many main fully-rights cleared UGV libraries on the planet
- Funds shall be used to extend Newsflare's world footprint, develop its gifted crew, and develop its Studios and Market enterprise throughout Europe, North America and Asia
- £4m funding from Foresight VCT and Foresight Enterprise VCT
London, 13 January 2022: Foresight Group LLP ("Foresight"), a number one listed infrastructure and SME funding supervisor, has made a £4m funding into Newsflare Restricted ("Newsflare" or "the Firm") from its VCT funds, along with an extra £1m funding from present investor, Edge Investments. Foresight has a well-established observe file of investing within the expertise, digital and media panorama throughout its institutional and listed funds.
Newsflare was co-founded in 2011 by Jon Cornwell, CEO, and is headquartered in London with groups in Los Angeles and New York. Newsflare is a market for the monetisation of consumer generated video ("UGV") and has one of many largest fully-rights cleared video libraries on the planet, with over 244,000 licensable movies presently on its platform.
Over latest years,» Read more from www.marketscreener.com