Bristol-based Hybrid secures £13m investment from LDC
21 Jun 2021
When we were exploring our funding options, we were keen to remain in the driving seat of our business but wanted support from an experienced and knowledgeable investor with a committed source of capital and a shared belief in our goals. LDC understands our direction and we’re looking forward to the journey together.”
James Craven, Hybrid Founder, added: “I am incredibly proud of the people at Hybrid and their work to achieve this milestone. The timing is right to accelerate and scale our growth and continue to evolve our global offering. LDC is an ideal investor to super-charge Hybrid. We’ve got an outstanding leadership team, people and culture so I’m delighted for everyone and know they’ll grasp the opportunity with both hands. I look forward to supporting Chris and the team to realise the potential.”
Dewi Hughes, Head of South West and Wales at LDC, concluded: “With the increasing global use of digital media, there is a significant opportunity for digital marketing agencies that can engage specialist audiences.”
The team at Hybrid has a strong track record of innovation and growth, an established international network and a passion to provide market leading outcomes for its clients. We are excited to support the team’s ambitions and plans.”
LDC was advised by EY (financial and tax advisory), Womble Bond Dickinson (legal), BDO (financial and tax due diligence) and Plural (commercial due diligence).
Hybrid was advised by Sequence (advisory), Royds Withy King (legal) and Bishop Fleming (financial and tax).