YFM Equity Partners (YFM) has made an additional multi-million pound investment in the UK-headquartered film and TV visual effects company Outpost VFX through its British Smaller Companies VCTs.
This will enable the business to continue its rapid scale-up by investing in high calibre artistic talent, company culture and its tech infrastructure.
Since YFM first backed Outpost VFX in February 2021, the business has seen rapid growth, delivering 150% revenue uplift in its first full year of trading since investment. It has continued to build its team which has increased almost four-fold to service continuing growth, including strengthening its management with a number of key appointments such as Robin Shenfield who joined the board as chair, leadership teams for each of the new geographies, while also strengthening the team in the UK studio. The most recent of these hires being Rachel Matchett, as managing director in the UK and Tim Chauncey as global CTO.
In addition to funding growth capital, the initial funding from YFM has accelerated the development of Outpost’s production management IP, further developed its training and career pathways IP, and helped it to build out a unique global IT architecture. The latest funding round will enable the company to continue to develop its IT infrastructure and accelerate its global cloud transition, in order to be fully transitioned within the next 12 months.