Blue-i, a Leeds company which provides technical staging for TV, West End theatre shows and high-profile events has received a seven-figure equity investment to help fuel its expansion.
The firm, which also has offices in Hemel Hempstead, supplies video projection, high-resolution displays, audio and lighting to the live events industry, such as the Olivier Awards and venues including the Camden Roundhouse and the o2 Arena.
Founded in 2002 by Ian Riley, Lee Bradshaw and Stevie Warne, Blue-i employs 21 staff across its two offices, and the investment is expected to allow the firm to expand its team and further develop its technology offering.
The investment was provided by Enterprise Ventures Growth Fund.
Mr Bradshaw said: “Blue-i aims to be ‘best-in-class’, delivering highly compelling and engaging audio-visual platforms alongside our set-build studio.
“The investment we have received will enable us to further strengthen tour team and advance the company’s innovation story.”
Wayne Thomas, investment director with Enterprise Ventures, said: “Revenue from the UK events industry is predicted to increase from £42bn to over £48bn by 2020. Meanwhile theatre is attracting a younger audience and attendances have been growing year on year.
“Blue-i has built an enviable reputation through its sector-leading technology and its partnership-led approach. It is well placed to take advantage of the strong growth in both these sectors in the coming years.”
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