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EIS Fund backs Abraham’s Wonderhood

David Abraham

The UK Creative Content EIS Fund, launched this summer by Calculus Capital and Stargrove Pictures in association with the British Film Institute (BFI), has invested in David Abraham’s Wonderhood Studios.

The fund, along with other Calculus funds, is investing in the creative business founded by former Channel 4 CEO Abraham and senior partners from the TV production and creative advertising sectors.

In the past year, Wonderhood’s TV production arm has produced a factual format for BBC2 about food and memory featuring Heston Blumenthal. Other projects include a documentary about current US politics for BBC3 and a medical science series for Channel 4. A BBC1 project is also in advanced development for 2020.

Wonderhood is also introducing a new hybrid model as a TV programme maker and advertising agency supported by a third division which provides data-led insights into audience behaviour.

Abraham said: “Wonderhood is a new-generation creative business focused on innovative content that impacts on culture. As we look to scale, the investment from the UK Creative Content EIS Fund allows us to deliver our plans faster and to begin to explore genres such as drama sooner.”

The UK Creative Content EIS Fund was launched by Calculus and Stargrove in June after a BFI report chaired by Lionsgate UK CEO Zygi Kamasa highlighted a shortfall in independent finance to help successful UK content companies scale up.

The fund has targeted an initial sum of £20m (US$26.3m) and is aiming to double a client’s investment, in addition to the tax benefits associated with EIS. Wonderhood will use the new money to scale up, build its team and develop new productions.

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