Name: Adrian Hargrave, CEO of SEEEN, explains how new funds will accelerate customer growth
Uploaded: 2024-06-05T11:29:45.296298+00:00
Duration: 753 s
Channel: Henry Kay

Henry Kay

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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.

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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 &amp; 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 agreementsAdrian Hargrave, CEO of SEEEN plc was interviewed by Donald Leggatt, for focusIR.

Overview of SEEEN fundraise

Funds will be used to invest in sales and grow out SEEEN's video training offering

Organic growth in second quarter in all key markets

Re-growing the CSP (formerly Multichannel Network)

Near term sales opportunities and margins

Moving into Skills and Training - Leveraging work done with ALD

The key metrics to follow

Summarising - why put SEEEN on Watchlist now

https://d3ev5earl6dvd0.cloudfront.net/public-media/videos/007/736/007736/video_R8Ftbhp.mp4

Adrian Hargrave describes the recent fundraising by SEEEN plc, including the tight discount and high level use of proceeds

Looking to invest in sales team to help grow the business in the video commerce space and develop training products to help people deliver new products and services to technicians in the field.

SEEEN's business has performed well in the second quarter, with over $500,000 in additional annualized revenues both from existing and new customers.

SEEEN's CEO Adrian Hargrave describes how SEEEN is growing its CSP and looking to cross sell its technology products into its client base

Looking to grow the technology side of the business by increasing the amount of technology sales and by attacking the market with reseller partners. Looking to improve overall margins by about 4550 by the end of next year.

Adrian Hargrave explains how SEEEN has worked with American Leak Detection to improve training for both digital marketing and developing technician skills and how the integration with Salesforce will provide a re-selling opportunity.

Adrian Hargrave explains what are the key metrics to follow, including a 45-50% margin by the end of next year

We've just finished our fundraising to allow us to go into the sports publishing and training market as well as add more resellers. As a small part of that, we'll be a very valuable company.