Great Point Investments, the UK’s leading media production and investment company, is delighted to announce it has acquired on behalf of its investors a minority stake in Brightlobe, a pioneering game-based platform which supports children’s growth and development.
The investment is the first deal from the Great Point Ventures Fund, an EIS launched in Q4 2018 which offers investors the opportunity to invest across a portfolio of UK based businesses operating in the creative media industries.
Great Point’s investment in Brightlobe is also the first under new HMRC regulations to encourage long-term investment in UK companies which qualify under the EIS, demonstrating the government’s continued support for one of the UK economy’s most important sectors.
Commenting on the investment, Great Point Investments Director Dan Perkins said: “We are delighted to take a minority stake in Brightlobe, which represents the best in British creative talent and entrepreneurship. Our aim is to combine our experience and passion to work with the team and grow the company into a leading light in the UK’s world-renowned creative sector.
“We also strongly believe that the Fund offers our investors the opportunity to support this thriving sector and create jobs for our talented media entrepreneurs, whilst at the same time providing a great return on their investment.”
Brightlobe is the first investment from the evergreen Fund which will seek to invest throughout the year into high-growth companies that have entrepreneurial management teams, the potential to address large, new markets and the ability to generate worthwhile returns for investors.
Brightlobe, founded by Shivani Lamba, has developed technology which draws together imaginative IP, an innovative gameplay experience and a novel neurodevelopmental assessment for children. The platform is designed to intelligently support a child’s growth and development.
Shivani Lamba, CEO of Brightlobe said: “In Great Point we’ve found the ideal partner to help us realise our mission – to profoundly and positively change the lives of children and their families across the world.”
According to the Department for Digital, Culture, Media and Sport (DCMS) the UK’s media and creative industries contributed £249bn to the economy (2016) and has grown at a faster rate than the economy as a whole. The UK creative industries now employ more than two million people.