Image supplied by rawpixel
Hazlewoods Corporate Finance team are delighted to have helped a creative South West company to secure funding for its ambitious growth plans.
Gloucester-based rawpixel, run by brother and sister Rob and Louise Churchill, supplies high-resolution photographs and illustrations to more than 1.3 million subscribers via its platform, www.rawpixel.com, which was launched in 2018.
Working with over 100 photographers, artists, and graphic designers to create interesting content for its users, rawpixel owns the copyright to over 1.5 million unique images that have been licensed more than 100 million times.
After years of organic growth, Rob and Louise realised that rawpixel needed funding if they were to achieve their goal of making rawpixel.com the ultimate design resource site, rivalling companies like Getty Images and Shutterstock.
Having been rejected by multiple traditional high street lenders, the pair turned to Hazlewoods for help. Hazlewoods introduced an alternative lender, Triple Point Group, who were willing to provide finance. rawpixel can now forge ahead with its plans to:
- Build a design platform for customers to make and customise social, marketing and business templates
- Employ a sales team to target business users including digital media and marketing agencies
- Create more content by:
- Scaling the design team
- Setting up a UK production studio
- Global photoshoots
- Improve copyright and trademark protections
Ellis Diamante, Relationship Director at Triple Point, said: "Triple Point is delighted to have partnered with rawpixel, an industry-leading producer of awesome design resource."
Louise Churchill, Business Development and Corporate Director at rawpixel, praised the work of Hazlewoods Corporate Finance team.
She said: "Thanks to you all for the help and support you have given us in securing this finance. We had been turned away by so many 'experts' because we were not the traditional 'bricks and mortar' company.
"It has been so refreshing working with people who have seen the real value and potential in rawpixel. I look forward to continuing our relationship."
Rich Grover, Corporate Finance Associate Director at Hazlewoods, said: "It was an enormous pleasure to work with the dynamic teams at rawpixel and Triple Point on this growth capital deal. We wish everyone the greatest of success on the creative path that lies ahead."
If you are considering buying a business, selling your company or are looking for ways to finance your growth plans and would like to find out more about the process, please contact either John Lucas at email@example.com, or Rich Grover at firstname.lastname@example.org, or call 01242 680000.