Cube3 secures “six figure investment” from Natwest
Manchester’s Cube3 has received a 6-figure investment from Natwest’s Technology, Media and Telecoms team.
Karl Barker, Cube3’s founder and CEO, said that the cash would be used to fund its “formidable business plan and growth strategy.” This includes a target of £5m in fee income by the end of 2017.
“We are in a very exciting period of our 17-year history and this investment capital will give us a great platform to realign our agency for growth over the coming years,” he continued.
“We have conducted a comprehensive review of our operations and services that we provide in line with the ever changing industry that we work in. Once we have finalised our strategy, we will start rolling out our new approach to the market at the end of this year.
“Our core proposition will remain, as it has always been; to help our clients to build their business through delivering cohesive marketing strategies that deliver tangible ROI. The new strategy will align Cube3’s services with the short, medium and long-term challenges facing businesses across a range of sectors.”
It received the funding, following a “rigorous process” with Grant Thornton’s Business Growth Services team where Natwest’s specialist Technology, Media and Telecoms team were confirmed as the chosen investors.
“Cube3 is a highly creative and innovative digital agency, offering a broad range of quality, value-add services for its clients. The Natwest Tech and Media team really bought into their future plans, so we were keen to work with such an exciting and successful Manchester-based business,” explained Matthew Mawdesley, Natwest’s Technology, Media and Telecoms relationship manager.