Fjord plans expansion after £2.5m investment

LONDON - Digital design consultancy Fjord has attracted £2.4m growth capital investment from private equity firm Beringea.

The capital will be used as part of a global expansion strategy which aims to strengthen the company's European presence and open offices in New York and other areas of the US and in Asia.

The funding will also be used to explore new technologies and service opportunities for the consultancy, which has worked on brands including Nokia, Orange and Yahoo! and was instrumental in bringing the BBC iPlayer to mobile.

Beringea's chief investment officer Trevor Hope will be joining Fjord's board as a non-executive director.

Hope said: "Media and communication companies are increasingly seeking to engage consumers across mobile and online platforms.

"Fjord's outstanding management team and expertise means the agency is well placed to capitalise on this specialist market.

"Beringea is pleased to help Fjord achieve the next level of development and expand internationally."

Olof Schybergson, CEO of Fjord, said: "Our mission is to provide our customers with outstanding innovation. This is best achieved by being close to both customers and great talent. In order to achieve our global presence we turned to Beringea."

Fjord has experienced 50% profit growth in the last four years. It currently has offices in London, Berlin and Helsinki.

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