EDINBURGH, Scotland – 31st January 2017 — Blazing Griffin, a digital entertainment group, today announced it has completed its Series ‘A’ round, raising £5 million led by private investors and matched by the Scottish Investment Bank (SIB), the investment arm of Scottish Enterprise. The funds will be used to help support the group’s continued growth and to expand its game development portfolio, film output and post production services.
This latest round of funding builds on 5 years of substantial growth and an exciting year ahead for Blazing Griffin. From it’s current capacity of 30 staff, the group plans to use this investment to treble its headcount over the upcoming months.
Blazing Griffin is working on a number of on-going and unannounced game development projects. Following the launch of The Ship: Remasted and coupled with the investment, the games studio plans to build at least two new development teams.
The film department recently announced the start of principal photography for its first feature film project, Anna And The Apocalypse, starring Ella Hunt and Paul Kaye and backed by Creative Scotland. Blazing Griffin has many exciting licensed and original properties for film and TV in development with world-class talent and production partners, and is supported by slate development funding.
Building on their achievements and through the work on high profile shows, the post production team have created a new facility in Glasgow, with 4K delivery capabilities, to service UK-wide and international projects, specialising in remote workflows with international and UK partners – the first of its kind in Scotland.
“Having the hard work of all The Griffins be recognised in this way is an awesome feeling. I can’t wait for people to see everything we’re currently working on and very much looking forward to sharing all of our plans over the next couple of weeks and months.” said Managing Director, Peter van der Watt, “We all appreciate the continued support and confidence our investors and Scottish Enterprise have in our ambitious plan to become one of Scotland’s largest entertainment companies.”
The Scottish Investment Bank (SIB) is the investment arm of Scotland’s main economic development agency, Scottish Enterprise, operating Scotland-wide in partnership with Highlands and Islands Enterprise.
“Scottish Enterprise has been working with Blazing Griffin for over three years during which we have seen the company go from a fledgling games development studio to a diversified digital entertainment group” said Kerry Sharp, head of SIB, “Following on from our initial investment in February 2015, we are delighted to again support the group’s growth plans and, capitalising on the talented team it continues to build in Scotland, look forward to seeing the company create brilliant content across its games, film and post production portfolio that will be enjoyed by a global audience”.
4 Broughton Market
About Blazing Griffin
Blazing Griffin is an independent digital entertainment company based in Scotland. Founded in 2011 as a games development studio, the company has grown from a team of three to a group of companies working across game development, film production and television post-production with 28 staff based in Edinburgh and Glasgow.
If you are interested in joining the team at Blazing Griffin, please send a CV and cover letter to email@example.com. We are not working with recruiters.
About Scottish Investment Bank
The Scottish Investment Bank (SIB) is the investment arm of Scotland’s main economic development agency, Scottish Enterprise, operating Scotland-wide in partnership with Highlands and Islands Enterprise. It manages a suite of co- investment funds including the Scottish Co-investment Fund and the Scottish Venture Fund, which are partly funded by the European Regional Development Fund (ERDF). SIB also manages the Renewable Energy Investment Fund and the Scottish Recycling Fund. SIB is the cornerstone investor in the privately-managed Scottish Loan Fund, managed by Maven Capital Partners and an investor in Epidarex Capital’s life sciences fund. These investment funds support Scotland’s SME funding market to ensure businesses with growth and export potential have adequate access to growth capital. SIB also provides a team of financial readiness specialists to help companies prepare for new investment and access appropriate finance.