Enterprise Ventures backs Ph.Creative

The company plans to double in size following the investment. It appointed Steve Turnock, previously involved in 3i's TrainStation and Dunedin's Practice Plan, as non-executive chairman as part of the deal.

The North West Fund for Venture Capital is part of The North West Fund, which is backed by the European Regional Development Fund and the European Investment Bank under the European Commission's Joint European Resources for Micro to Medium Enterprises Initiative (Jeremie). The evergreen fund was established to provide debt and equity funding in the £500,000-2m range to SMEs based in, or relocating to, the North West of England.

Company
Ph.Creative is a marketing agency based in Liverpool, where it was founded in 2004.

The company offers a range of specialist services including SEO, CRO, web design, social media and smartphone app development, and has an established customer base including Dulux Decorator Centres, Bibby, Nationwide, Mastercard and Michelin. Its key areas of expertise are legal, finance, recruitment, retail and e-commerce.

The business currently employs 20 people, although it is aiming to bring that number to 40 by the end of 2013, it said in a statement.

People
Will Clark and Lisa Ward worked on the deal for Enterprise Ventures. 

Advisers
Equity – Ward Hadaway, Melanie Yeomans (Legal).
Company – Brabners Chaffe Street, Denise Walker (Legal). 

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• Topics
• Expansion
• UK / Ireland
• Consumer
• Enterprise Ventures
• United Kingdom