Jungle Creations Ltd, an East London (Tower Hamlets ) social-first digital media business, has secured a £1,000,000 growth loan from the Greater London Investment Fund (GLIF) which is managed by The FSE Group, to expand its operations.
In July 2014, the then 23 year-old creative entrepreneur, Jamie Bolding set to work creating and developing his vision: to build a social-first ecosystem where people and brands can thrive. His vision centred around providing entertaining and informative social first content, marketing services which focus on creating and distributing unrivalled branded content and to grow commerce opportunities through these ventures.
Fast forward six years and Jungle Creations now owns and operates six media brands that live on social, each focusing on a different niche, including fitness, crafting, food and beauty and with a collective following of over 115 million people cross platform. The company’s videos have been watched by over 465 million people worldwide reaching over 20% of the world’s social media users. This year Jungle Creations was named Branded Content Team of the Year for the third year in a row by The Drum’s Online Media Awards and its commerce operation has gone from strength to strength.
Jamie Bolding , Founder & CEO of Jungle Creations Limited commented: “Jungle Creations has firmly established itself as a leading producer of original and branded video content. With a team of over 100 and a business which has grown so quickly, our GLIF loan will help us invest in the continued expansion of our team, with the aim to nearly double it by the end of 2021. Strengthening our three core business arms, this loan will create exciting opportunities for us and for London.”
David Booth, Senior Fund Manager for The FSE Group, who managed the £55 million GLIF debt fund on behalf of Funding London, comments: "It was a pleasure to work with Jamie and his senior team. The business demonstrates strong commercial traction in a fast-growing market. We are delighted that due to the success of Jungle Creations, part of the GLIF loan will enable Jamie to expand his team to help the business achieve their growth plans."
Maggie Rodriguez-Piza, CEO at Funding London, adds: “Part of the 'Greater London Investment Fund' (GLIF) core mission is to support job creation in London. With the investment from GLIF, Jamie will be able to expand the business, creating sustainable jobs and having a positive impact on the capital’s economy. We are delighted to support ambitious entrepreneurs like Jamie, though their next stage of growth.”
GLIF is a £100m initiative to help address the SME finance gap in Greater London, promoting economic growth through enterprise and an inclusive and sustainable economy. £55m of debt funding is available, via loans between £100,000 and £1m, to early-stage and established SMEs looking to scale-up and realise their growth ambitions. GLIF is financed through the European Investment Bank (EIB), European Regional Development Fund (ERDF), London Waste & recycling Board (LWARB) and Funding London’s Legacies.