Brompton Technology, provider of processing solutions for LED video walls, has secured a growth capital investment from Connection Capital for an investment of £5.1 million. At the same time, Connection Capital takes a minority stake in Brompton.
Richard Mead, CEO of Brompton Technology, comments: “We are seeing unprecedented growth in demand for our state-of-the-art, rugged, touring and virtual production-ready LED video processing products in our core industries, as well as great potential for applying our technology in new markets. While our focus on quality and commitment to customer service remain unchanged, Connection Capital’s investment gives us the opportunity to expand rapidly to meet demand and capitalize on the new opportunities that are opening up to us.”
Neil Gaydon to the board
“Brompton Technology is an excellent example of a successful company that made the transition to virtual production for film and television almost overnight during the pandemic and is now emerging even stronger than before,” commented Miles Otway, Partner at Connection Capital. “With its industry-leading technology, diversified revenue streams, talented management team and increasing demand for its products, Brompton Technology has a very compelling growth story that has been very appealing to our clients, who are retail investors.”
In addition to Connection Capital’s investment, Neil Gaydon, a veteran non-executive chairman, will also join Brompton’s board of directors. Neil Gaydon has a long track record of growing technology companies, including as CEO of Pace from 2006 to 2011. During that time, Pace grew to become the world’s largest provider of digital television technology to the pay television industry.
Richard Mead sums it up: “We are in the fortunate position of occupying a leading position in a rapidly growing market. This investment will allow us to capitalize on growth opportunities and bring outstanding visual experiences to more and more people around the world. We look forward to beginning a new phase of our journey with the support of Connection Capital.”
Since the investment had been in place for some time, Brompton was already planning with the money: the company announced that it would hire more employees and launch new products in the coming months.
LED technology: “People use LED walls differently than before”
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