Supporting the creative economy, Edge Investments announces first close of £ 100million fund – Tech.eu

With a target of £ 100million, the Cutting-edge investments announced the first close of its second fund at £ 85million. The company specifically targets early stage startups operating in the areas of edtech, virtual / augmented reality (AR / VR), adtech, content creation and distribution, with sizes of tickets between £ 1 million and £ 5 million.

Estimated at over £ 2.2 trillion worldwide and accounting for 11% of the total UK economy, the creative economy is one of the fastest growing sectors in the world. And the industry is so attractive that Edge has seen a base investment of £ 50million from British investment bank.

Other investors in the “Create the Future” fund include Tim steiner, founder of Ocado, owner of JD Sports Pentland Group, O2 Brixton Academy and the patron of Shepard’s Bush Emptire Simon moran, creator of “Paw Patrol” and “Bob the Builder” Keith chapman, leader of Bush Gavin Rossdale, former head of creation of Airbnb James goode, Google / YouTube International Head of Kids, Family & Education Greg Dray, co-founder of Snap France Emmanuel Durand, former editor-in-chief of BILD Tanit Koch, eLearning specialist André Brode, and president of ITV Mr. Pierre Bazalgette.

On the new founding Edge fund David glick comments: “Creativity, art, education and culture enrich and improve the quality of all our lives through their consumption and enjoyment, and through the technological advances they inspire. If you don’t have social mobility, you don’t have civilization. The creative economy is an excellent engine of jobs, it rewards talent, courage and determination as much as academic excellence. Edge’s role is important in providing a bridge between the creative economy – which suffers from a lack of access to finance – and private capital markets, making a positive contribution to the overall well-being of society and by promoting social mobility.