Foresight Venture Partners has led a £4.2m fundraising for Zoo Digital Group Plc, the AIM listed video technology company. Zoo's technology has powered the rise of interactive DVDs, including a new type of computer game that can be played on any DVD player. Zoo's technology is also being used in Hollywood to create movie DVDs faster and more cost-effectively.
Deal will be the second add-on acquisition for Danoffice since Agilitas's buyout of the company in November 2017
Bowmark will provide additional funding of £100m to fund the company's add-ons acquisitions
Exit represents an 18x return on Octopus's initial investment and a 9x return on its total investment
Deal follows M&A litigation initiated after coronavirus uncertainty and financing difficulties