IPR.VC has closed finance for its second media and entertainment Fund
Finnish fund management firm IPR.VC has raised a new fund to invest in European TV, film and interactive content. IPR.VC Fund II has just launched its investment operations with first closing of MEUR 42 and targets a final closing of MEUR 60-70 within a year. The investor mix includes state-owned investment company Tesi, the FoF Growth III fund, pension funds, insurance companies, family offices, art and culture foundations, and fund managers.
IPR.VC invests in media and entertainment business in Europe. Media content is a growing asset class that is not correlated to general economic trends. The global media industry has net sales of approximately 2000 billion euros a year, of which TV content generates roughly one-quarter, i.e. approximately 500 billion euros. Most venture funds are active in media technologies, while content production has been financed by industry operators and private investors. The drive for growth is media content, which has not yet attracted European VC investments on a large scale to date.
To date, IPR.VC has financed the TV series ‘Bordertown’ (‘Sorjonen’ in Finnish) which can be watched in 180 countries, amongst other investments across animation, video games, film and TV production.
“Over the next few years strong growthis expected in subscription-based, video-on-demand services over the Internet, such as Netflix, HBO and Viaplay,and new distributors will enter the market. They will all need their own premier content to reinforce subscriber loyalty. This can open up a fast track to growth for TV and film producers similar to the one that smartphones and mobile apps opened up for Finland’s game industry,” points out IPR.VC’s founder and managing partner Timo Argillander.
In its investments, IPR.VC follows tangible ESG criteria that address environmental, social responsibility and corporate governance issues. This policy also improves returns and reduces risks over a longer time span. The new fund will reinforce the improtance, for instance, environmental impact auditing, improvements to conditions in production, anti-harassment measures, and equality in HR policies.
For more information:
Timo Argillander, Managing Partner adn Co-Founder, +358 400 448079, timo(AT)ipr.vc
Tanu-Matti Tuominen, Investment Director and Co-Founder, +358 500 593001, tanu-matti(AT)ipr.vc
Founded in 2015, IPR.VC is a venture investor focused on media content. The company’s objective is to create European success stories from original media content and generate a good return for investors. IPR.VC currently has capital of EUR 62 million under management.
IPR.VC operates in London as well as Helsinki, and has consultants in major European media centres. Together with carefully selected TV and film partners, the company develops investment targets that have the best potential for winning popularity in the industry and among audiences. http://ipr.vc/| @ipr.vc