Channel 4 backs Voltage TV in latest growth fund investment
Channel 4 has made an investment in Voltage TV, taking an equity stake in the production company.
The move marks the latest acquisition from the broadcaster’s £20m Growth Fund, joining a varied portfolio of small to medium-sized UK-based independent production companies.
Voltage TV, which was founded just over two years ago, is currently producing content both for Channel 4 and BBC Three.
David Abraham, chief executive at Channel 4, said: “In just over a year since the launch of the Growth Fund we have assembled a diverse and dynamic collection of seven highly talented British companies to partner with.
“We are delighted to include Voltage in this group. Under the expert stewardship of Sanjay and Steve, in less than two years, Voltage have proven themselves to be one of the fastest moving factual indies on the scene. ”
Sanjay Singhal, Voltage TV chief executive, added: “We’re delighted to have this new investment. It gives us the ability to put considerable resources into the two things that matter the most: originating innovative new ideas and attracting the best creative talent to help deliver them.”
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The Growth Fund investment portfolio also includes Arrow Media, Eleven, Lightbox, Popkorn, Renowned Films and True North.