Venture capital firm Beringea, manager of the ProVen VCTs, has led a round of investment in digital media business Harmony Media Group. The total raised in this first round of funding for the company is £2.2 million.

Venture capital firm Beringea, manager of the ProVen VCTs, has led a round of investment in digital media business Harmony Media Group. The total raised in this first round of funding for the company is £2.2 million.

Harmony is the newly formed parent company of Filmnight Digital and Saffron Digital, and aims to develop products and services across mobile and online platforms.

Filmnight Digital specialises in digital film publishing, with clients including Vodafone, T-Mobile, Trinity Mirror and Emap. Saffron Digital has developed a platform enabling content to be delivered across mobile and web, including video-on-demand services.

Jamie Kennell, who led Beringea’s investment, comments: ‘Harmony Media has an established position with both content owners and network operators in what is an emerging and rapidly growing market. The combination of an excellent management team, strong business model and key strategic alliances means that the business is well positioned to grow significantly over the next few years.’

Beringea manages the ProVen VCT, which was launched in the tax year 1999/2000, and the ProVen Growth & Income VCT, launched a year later.