SEEEN plc, the AIM-listed AI-led media technology platform that delivers Key Video Moments and Shoppable Video Prompts to drive Video Commerce, has successfully raised £763,000, in a placing and subscription at 3p per share, to fund the Company through to profitability.
In this interview, investors will hear:
- Why SEEEN raised £763,000 through a placing and subscription
- What the Use of Funds will be and why
- How the business won US$500,000 of new and repeat business in 2Q24
- Which verticals have been most successful, and how the new funding will accelerate growth
- Why SEEEN has launched a training product
“I’m grateful to our existing and new investors who have supported us, and at a tight discount to the current price. This really will help us leverage the customer momentum achieved to date and will, I hope, drive us into profitability in 2024. Our biggest success to date has been with video commerce, especially in sports and publishing, and we are looking to accelerate that, and secondly to build and develop our training offer and products” commented SEEEN’s CEO, Adrian Hargrave.
Reasons to add SEEEN plc to your Watchlist:
- SEEEN perfectly positioned for the rapid growth in video consumption & commerce
- Proprietary AI technology platform to create valuable short form video
- NextGen CreatorSuite 2.0 and ShortsCut AI technology ready for commercialisation
- Deep new business pipeline with video ecommerce, sports clubs and publishing businesses
- Strong balance sheet with cashflow break-even expected in FY24
- Positive news flow expected during the next 12 months from new client wins, partnerships, JV’s and International reseller agreements
Adrian Hargrave, CEO of SEEEN plc was interviewed by Donald Leggatt, for focusIR.
