Digital Music Platform Secures Expansion Loan

A Brighton based business that offers a pre-produced library of music and software that can be licensed for use in videos is the latest company to be supported by the Coast to Capital Funding Escalator. Founded in 2014 by former composer Sebastian Jaeger and software developer Christopher Young, Filmstro is changing the landscape of media production. From budding teenage film makers to the BBC, customers of all size and budget are taking advantage of this pioneering software. What started out as an evening and weekend project has turned into a company able to boast an impressive 40,000 customer downloads in its first two years and an enviable rate of 24% customer increase month on month.

The Filmstro software allows users to customise the momentum, depth and power of the music compositions available in their extensive music library. Film producers are acutely aware of the power of music but they often lack the skills and training to adapt the music to their needs, instead being forced to film around the score. Filmstro does away with this and enables film makers to embrace their creative freedom.

To facilitate the rapid growth of the business Filmstro have secured £200,000 from the Coast to Capital Expansion Loan Scheme. The funding will be used to scale-up the Filmstro team, with the company projecting to triple their employee numbers over the next two years.

Sebastian Jaeger, Co-Founder and CEO of Filmstro, “As a former freelancer I know how frustrating it can be when a project is restricted. That’s the purpose of our software, to remove these restrictions whist still being affordable and adaptive. Music is integral to films and we recognise the needs of both composers and producers so that everyone involved in production has the best experience. Anyone can use Filmstro. No matter how big or small your project, we have music for everyone.”

Jon Cornell, Fund Manager at the FSE Group, “We are delighted to be supporting Filmstro through their next phase of growth and are excited to be part of their ongoing journey. With the market for online music and video content growing incredibly quickly the innovative Filmstro product is well placed to take the market by storm. We wish Sebastian and his team all the best for the future.”

The Coast to Capital Expansion Loan Scheme is part of the Coast to Capital Funding Escalator, a £5million initiative funded by Coast to Capital Local Enterprise Partnership. The escalator, which also includes a growth equity fund, provides eligible companies with loans and equity funding between £50,000 and £500,000 for activities that will deliver high-growth and employment opportunities across the Coast to Capital region.

For more information about the Coast to Capital Funding Escalator please visit http://www.thefsegroup.com/coast-capital-funding-escalator or contact Jon Cornell at Jon.Cornell@thefsegroup.com tel: 07786 912674.

For more information about Filmstro please visit: www.filmstro.com