Brompton Technology Secures Investment from Connection Capital

0

Brompton Technology secured a capital investment of £5.1 million from connection capital this will allow the company to grow rapidly to meet growing demand for its Tessera video processing system for LED walls used in everything from virtual production and virtual studios to live events and world tours. The investment gives Connection Capital a minority stake in the company.

“We are seeing unprecedented growth in demand for our cutting edge, rugged, touring and virtual production ready LED video processing products from our core industries, and great exciting potential for our technology to be applied to new markets,” explained Richard Mead, CEO of Brompton Technology. “While our focus on quality and dedication to customer service will remain the same, Connection Capital’s investment gives us the ability to grow rapidly to meet demand and seize new opportunities as they arise.”

“Brompton Technology is a great example of a successful company that pivoted, almost overnight, to virtual production for film and television during the pandemic and is now emerging even stronger than before,” commented Miles Otway. , partner of Connection Capital. “With its cutting-edge technology, diverse revenue streams, talented management team and growing demand for its products, Brompton Technology has a very compelling growth story that has truly won over our private investor clients.”

Alongside Connection Capital’s investment, Neil Gaydon, an experienced non-executive chairman, will join Brompton’s board. Gaydon has a proven track record of growth in technology companies, including as CEO of Pace plc from 2006 to 2011, during which time Pace became one of the industry’s leading providers of digital television technology pay television.

“We are fortunate to hold a leadership position in a rapidly growing market,” added Mead. “This investment will allow us to capitalize on growth opportunities and deliver exceptional visual experiences to more and more people around the world. We are excited to begin a new phase of our journey with the support of Connection Capital.

Source: Brompton Technology

Debbie Diamond Sarto's photo

Debbie Diamond Sarto is Editor-in-Chief of Animation World Network.

Share.

About Author

Comments are closed.