IPR.VC launches EUR 100 million film and TV content fund
IPR.VC has previously invested in the Finnish Netflix hit Bordertown.Fisher King
Finnish fund management company IPR.VC has launched its largest fund to date and raised close to 100 million euros to finance new film and television projects.
The fund is IPR.VC’s third and continues its strategy of creating long-term partnerships with acclaimed US and European film and TV producers, such as A24, XYZ Films and local animation studio Gigglebug.
“Whilst industry models may change, we believe strongly in the enduring value of premium film and television content, in being a supportive partner for creatives and a trusted conduit to production for blue-chip investors,” said Timo Argillander, IPR.VC co-founder and managing partner.
The fund will be helmed by the company’s newly appointed investment director, Andrea Scarso. Scarso is an experienced entertainment financier with over 250 film and TV projects under his belt, including Oscar-winning films Judy, Selma and The Descants. He will be based in IPR.VC’s London office and also join the company’s board.
“I am thrilled to have the incredible opportunity to join IPR.VC and be part of this exceptional team,” Scarso said. “In recent years, IPR.VC has become a major player in the industry, building successful relationships with big names, injecting much-needed capital into the market and fuelling the creation of many film and TV projects.”
Gigglebug, one of IPR.VC’s partners, has produced content for the likes of Disney, Netflix and Warner Bros.Facebook / Gigglebug
IPR.VC was founded in Helsinki in 2015. Initially, the company focused on Nordic scripted projects, including the hit Netflix series Bordertown, and has since expanded to strategic partnerships with international companies. So far, IPR.VC has raised 150 million euros from various industrial investors and financed 35 European and US productions.
The Finnish TV and film industry has grown increasingly international in recent years. A recent example is the globally successful animation studio (and IPR.VC partner) Gigglebug, which struck a major deal with Nickelodeon in September.