CGHero Raises $5.2m Investment Led by Beringea

Manchester, 22 April 2022: CGHero, a platform enabling companies, brands, studios and content producers to collaborate with teams of the world’s leading CGI, 3D, VFX and AR/VR talent, has announced a $5.2 million investment led by Beringea.

The funds will be used to further scale the platform as the need for 3D content and specialist talent continues to grow with the introduction of the Metaverse. As companies race to establish themselves alongside Meta, formerly known as Facebook, there is an increasing need for content to populate these experiences. To date, the platform has been responsible for delivering content across 1,000 productions for companies including Netflix, Disney, Epic Games, SEGA, NHS, BBC, Valvoline, LG and Unilever.

Eyal Malinger of Beringea commented: “CGHero sits at the intersection of two fundamental trends shaping the global economy: the rise of the metaverse and the future of work. As we see the widespread adoption of AR and VR, demand for 3D content – and the specialist talent required to develop it – will increase dramatically.”

Jonathan Lloyd, CEO of CGHero, said: “It is exciting to bring together incredible teams from around the world to create next-generation immersive content and experiences. The scale of projects we are seeing is unprecedented, and entire worlds of content are needed. Our growing team will enable us to support more clients and build on our platform capabilities to meet the demand.”

Jonathan has been in the computer graphics industry for over 15 years in senior management roles and was the former VP of Strategic Development and Product Development at TurboSquid, the world’s leading 3D marketplace.

In order to scale up its capacity to deliver these projects, CGHero has announced that the investment funds will also be used to significantly expand its Manchester-based team with plans to further expand its operations into the US later this year. The company is currently recruiting for multiple roles across marketing, sales, development, product and operations, including positions asCFO,Senior QA EngineerandAssociate Producer.

Visit ourCareers pagefor all available positions.

The Investment pitch deck can be exclusively found atbusinessinsider.com.

About CGHero

CGHero is a collaborative marketplace for CGI content creation. Their platform supports many of the best “Heroes” or 3D artists and creators in the industry, and offers a flexible solution for anyone with 3D or CGI, no matter the size or scale of the project. CGHero brings the skill and polish of Hollywood to the everyday creator. With specialties in over 60 CGI-related tasks, CGHero is sure to have an artist who can meet the demands of any project. Collaboration is made easy with their simple application process, which enables them to pair you with the perfect artist.

To learn more about CGHero visithttps://cghero.com/

About Beringea

Beringea is a transatlantic venture capital investor that seeks to create lasting success for rapidly scaling entrepreneurial companies. It currently manages over $750m in funds and more than 65 portfolio companies across the U.K., Europe, and North America.

With offices in London and Detroit (U.S.), it provides patient capital and a global footprint to back founders throughout their journey, helping them overcome barriers to scale and build international success stories.

Its track record of three decades of successful investing across sectors including retail, software, media, and artificial intelligence has inspired its own entrepreneurial ethos; cultivated an exceptional community of entrepreneurs and investors; and fostered the experience required to create substantial businesses and deliver value for shareholders in its funds.

For information on our UK investment activities, emailinfo@beringea.co.ukor visitwww.beringea.com.