RETìníZE secures Techstart Ventures investment
Date Posted: December 2, 2019
RETìníZE Limited acquired funding from TechStart Venture’s capital fund initiative for Northern Ireland. The investment will enable RETìníZE to focus on its immersive-tech based R&D programme while continuing to grow its successful immersive media production services business.
The TechStart initiative is financed by Invest NI as part of its Access to Finance strategy and is part-funded by ERDF under the EU Investment for Growth and Jobs Programme 2014-2020.
RETìníZE is one of Europe’s fastest-growing Immersive Media studios, best known for its award-winning Virtual Reality, Augmented Reality and immersive multi-screen experiences. The company spun out of Wild Rover Productions, one of Ireland’s leading independent TV producers.
RETìníZE clients include BBC, National Geographic, Save the Children, BMW, Tourism NI and Seagate.
Phil Morrow, CEO at RETìníZE said: “We are thrilled to have TechStart on board as an investor. What impressed us most was the time they took to really understand and challenge our long-term goals and objectives. This investment will supercharge our growth trajectory and will allow us to embark on an ambitious programme of research.”
Ryan McAnlis, Investor at TechStart Ventures said: “We are delighted to be able to support RETìníZE as it enters this exciting new phase. Most analysts agree that the immersive media sector is poised for exponential growth and the combined plans that RETìníZE has for production and research will position the company at the forefront of that expansion.”