Business
Investment in Pufferfish
Investment in Pufferfish.
About this update from Truetide Plc
[{"type":"text","content":"\n RNS Number : 6928N Braveheart Investment Group plc 23 February 2009 \n \n23 February 2009\n\n\nBraveheart Investment Group plc\n('Braveheart' or 'the Group')\n\nFollow-on Investment in Pufferfish Limited\n\nBraveheart, (AIM: BRH), the technology commercialisation and investment management company, announces that it has led a £430,000 financing into Pufferfish Limited ('Pufferfish'). The Group invested alongside Scottish Enterprise's Scottish Co-investment Fund and Pufferfish management as well as clients of the Group.\n\nPufferfish was formed in February 2004 to develop dynamic digital display systems using spherical projection for the events and exhibitions market. It is the developer of 'the PufferSphere®, a large inflatable sphere which projects digital content from within, providing vivid high quality imagery over the entire viewing surface.\n\nThe PufferSphere has reached a global audience through rental and sales to events ranging from trade shows to award ceremonies and corporate functions. The company recently made its largest sale to a tier 1 stage production company for use on the recent Coldplay tour.\n\nBraveheart first invested in Pufferfish at the seed round, providing matched funding for a SMART award through its SMART Equity Scheme. Subsequent investment was provided through Braveheart's Alpha Fund.\n\nCommenting, Geoffrey Thomson, Chief Executive of Braveheart said, 'Pufferfish is an exciting company with a strong product range that is utilised at awards ceremonies and functions worldwide. The company is steadily being recognised for its innovative approach to developing new platforms for the display of digital content outside the confines of traditional flat screen media. Braveheart first invested in Pufferfish at the seed round and, as a result of the company's sales performance and continued ambition, we are proud to demonstrate our commitment with this further investment'.\n\nOliver Collier, CEO of Pufferfish, added, 'Braveheart has an excellent background in supporting early-stage technology companies and has instinctively understood our innovative approach and technology right from the beginning. The proceeds of this financing will be ...