TH_NK recieves £1m investment from Beringea
Newcastle and London-digital agency TH_NK has been awards £1m growth capital funding by venture capital company Beringea.
The agency will now look to build on its planning and strategic capabilities as well as its creative, creative, technology, ‘experience design’, and online insights and analytics teams to add greater value to its business proposition.
As a result of the investment, Trevor Hope, chief investment officer for Beringea will join the board as a non-executive director.
Hope will look to help the company achieve the next phase of expansion, alongside MT Rainey who will continue to chair the board.
The funding will come from ProVen VCT one of the Venture Capital Trusts managed by Beringea which will also support the agency with its digital experience and its network of industry executives, entrepreneurs and thought leaders.
Tarek Nseir, chief executive of TH_NK, commented: “Our investment from Beringea will allow us to strengthen our position as a leading digital agency and capitalise on a number of growth opportunities within a challenging economic climate. The investment couldn’t have come at a better time, what with the recent appointment of our new MD, Lynne Davidson, and a stream of new business, including LG, Anthropologie and Curtis Brown. We’re delighted that Trevor is joining our board and helping TH_NK to expand not just on a national scale, but internationally too.”
Hope added: “For a young agency, TH_NK has an enviable client list – built upon its reputation for delivering digital solutions that combine excellent creative with cutting-edge technology and an impressive understanding of user experience. This creativity is backed by a strong, ambitious management team with a clear vision for future growth. I am confident that TH_NK are well placed to thrive in the continually evolving digital market place and look forward to working with them.”