TH_NK, a London and Newcatle upon Tyne, Uk-based digital agency, has received £1m of growth capital funding from venture capital firm Beringea.
The investment was made through ProVen VCT, one of the venture capital trusts managed by the firm.
According to a statement, the new funds will be used to drive forward TH_NK’s next phase of expansion and strengthen its position as one of the UK’s leading digital agencies.
The capital will be invested in the creative team in London as well as being used to strengthen planning and strategic capability in digital marketing, eCRM, and social media.
In conjunction with the investment, Trevor Hope, Beringea’s Chief Investment Officer, will join TH_NK’s board as a non-executive director with the task to help the company to achieve its next phase of growth and development.