Mobeus invests £4m in IPV

The firm invests from a series of VCTs and institutional funds, including Mobeus Equity Partners IV, which closed on £166m in 2017. Typical equity cheques are £2-15m.

The investment was made from the Mobeus VCTs, with no debt used in the transaction. Mobeus investment manager Rowan Grobler will join the company's board, and the company's management team has retained a stake.

The fresh capital is intended to increase sales and marketing activity. The company also plans to continue to progress to a software-as-a-service model.

Previous funding
Calculus Capital invested €2.5m in the company in 2015.

Company
IPV offers a media management software product called Curator that helps brands create, search and automate video content. Customers include Nasa, HBO and Nintendo. Based in Cambridge and founded in 1999, the company employs 40 people.

People
Mobeus Equity Partners – Rowan Grobler (investment manager); Amit Hindocha (investment partner).
IPV – Mark Fagan (CEO).

Advisers
Equity – Icon Corporate Finance (corporate finance); Stephenson Harwood (legal); Moore Kingston Smith (financial due diligence); Intechnica (IT due diligence).

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