Manchester agency secures £500,000 investment from new tech fund
Manchester digital agency RUN2 has secured a £500,000 investment from >_fund:tmt, a dedicated fund for fast-growing tech and media companies.
The cash boost will be used to expand and implement a new AI platform for online client hyper-personalisation and recommendation engines that it is hoped will "completely transform" the agency.
RUN2 has an annual turnover approaching £1m and saw double-digit growth last year.
Owner Christian McGinty said: “It’s been an incredible journey for us so far; achieving the growth we have for the past year is testament to the team that work here. With the addition of funding, the next few years look even more exciting.”
Manchester AI entrepreneur David Walters will be joining RUN2 as chairman and will help support the team with their high growth plans and product innovation.
Walters added: “The RUN2 client base tell us they want their digital partners to go beyond the norm and to find new and innovative ways to drive performance and delight their customers. The RUN2 AI roadmap is designed to do just that and I look forward to helping Christian and the team to build on their great success with AI innovation.”
Alison Clifford, who has previously had roles at the likes of private equity firm NorthEdge Capital and Thomas Cook Airlines, will also be joining as financial controller.
RUN2 is the maiden investment for >_fund:tmt, which was formed to address the investment gap for established, scalable and entreprenuerial technology, media and telecoms (“TMT”) businesses across the UK.
Managed by SPARK Impact and conceived alongside Paul Billingham and Adam Zoldan, the founders of TMT focused advisory firm Knight Corporate Finance, >fund:tmt provides flexible funding solutions of up to £1m through an investor base of successful entrepreneurs from the TMT sector.
Pictured top (clockwise from bottom left): The Run2 team of Christian McGinty, Hannah Ward, Alison Clifford and David Walters with >_fund:tmt investment director Mark Borzomato