Viperio, the UK-based esports organization, emerged as the champion in a fiercely competitive investment pitch event at the Creative UK North East Investment Summit. This summit saw three prominent companies from the North East of the UK vying for investor attention, including animation studio Chap in the Box Studios and sports headband manufacturer Rezon.
Viperio Shines Brightest
The day’s standout performance came from Viperio, capturing the admiration of the investor panel with their compelling presentation, bolstered by concrete achievements and entrepreneurial promise. The outcome? Viperio secured an equity investment of up to £100,000, cementing their position as the preferred choice of investors.
Full Steam Ahead for Viperio
Sources suggest that Viperio had sought the maximum available amount of £100,000 in their pitch, indicating they are poised to receive a substantial investment as part of a more extensive funding effort.
Brodie Mulvaney, co-owner and commercial director at Viperio, expressed his enthusiasm:
Mulvaney stated before the event, “Viperio has experienced consistent year-on-year revenue growth over the past decade, with the previous year being our most successful to date. Following this remarkable year, we are filled with growing confidence in Viperio and its offerings. It seems only natural to explore investment opportunities at this juncture.”
He added, “It’s incredible to witness the remarkable journey of Viperio, both in terms of competition and commerce. Viperio has evolved from being an amateur outfit to a respected name in the UK esports scene, boasting over a decade of heritage. Collaborating with Creative UK is truly exciting, given their dedication to fostering creative industries, especially in the North East. Viperio has consistently grown year after year, and I eagerly anticipate propelling this growth in tandem with the Creative UK team.”
Creative UK North East Investment Summit: Boosting the Region’s Creative Ventures
The Creative UK North East Investment Summit was hosted at Newcastle’s Tyneside Cinema. It featured a warm welcome from Caroline Norbury OBE, Chief Executive of Creative UK, and a keynote address by Lisa Opie, Managing Director of Newcastle’s Ubisoft Reflections studio.
In additional regional investment updates, Creative UK unveiled a further commitment of £2 million from the North of Tyne Combined Authority for the North of Tyne Culture and Creative Investment Programme. Additionally, they introduced the £35 million Creative Growth Finance II fund in partnership with Triodos Bank, aimed at fortifying the UK’s creative industries.
The award highlights Viperio’s success to date, and the potential for growth in the future. With Creative UK’s backing, I’m excited for the future as we look to create something truly special within the North East.Chris Sword, Viperio
Carol Bell OBE, Associate Regional Director, North, Creative UK, remarked, “It has been an exhilarating week for Creative UK, as we are thrilled to introduce two substantial investment opportunities to bolster the Creative Industries right here in the North of Tyne. Congratulations to Viperio, and kudos to all three businesses that participated in the competition.”
Chris Sword, Founder and Managing Director of Viperio, said, “I am overjoyed to witness Viperio’s selection as the victor in Creative UK’s North of Tyne Culture and Creative Investment Pitch Competition. This accolade underscores Viperio’s past accomplishments and the potential for future growth. With Creative UK’s support, I eagerly anticipate an exciting future as we strive to create something truly exceptional within the North East.”
The Creative UK North East Investment Summit was held on September 27, 2023.