# Random42

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/random42

- Industry: Media
- Headquarters: London, UK
- Website: www.random42.com
- Total disclosed funding: $7.9M
- Latest round: Series B (Mar 30, 2015)
- Investors on record: 1

## About

Random42 Limited is a London-based company specializing in high-end medical animation and scientific storytelling, creating immersive visual content to elucidate complex medical concepts for the pharmaceutical and biotechnology sectors.Random42 Limited, founded in 1992 and headquartered in London, UK, focuses on delivering medical animations and scientific marketing solutions. The company was recently acquired by The Lockwood Group, LLC, in June 2022, enabling further global expansion. The CEO, Ben Ramsbottom, leads the firm and has a history of involvement in similar ventures. Since its inception, Random42 has engaged in 5 different funding deals, with the most recent being a Series B round raising GBP 5.3 mn, resulting in a total capital raised of GBP 5.3 mn, and a company valuation of GBP 16.474 mn.Random42 offers a suite of products including scientific animations, mixed reality, virtual reality applications, augmented reality apps, and interactive experiences. These services enhance the understanding of complex biological processes and medical concepts for clients in the pharmaceutical, biotechnology, medical device, and consumer health industries, with a client base spanning North America, Europe, and Asia-Pacific. Each solution is specifically designed to meet the unique needs of clients, thereby improving their scientific messaging through effective storytelling techniques.For the most recent fiscal year 2023, Random42 reported revenue of GBP 22.66 mn with an EBITDA of GBP 8.534 mn. The revenue model is centered around project-based contracts with clients across various sectors, ensuring tailored solutions that address specific client needs while fostering partnerships with agencies to diversify income streams.Random42 plans to utilize its recent funding from the Series B round to enhance its product offerings and support global expansion. The company aims to develop new interactive platforms and technologies tailored for emerging markets by 2024, with specific attention to regions such as Asia-Pacific and Europe. The acquisition by The Lockwood Group will further bolster Random42's capabilities and global presence, enabling the integration of advanced technologies into their service portfolio.

## Funding rounds

- Series B, Mar 30, 2015, $7.9M — Vespa Capital

## Investors

- Vespa Capital (https://capitalatlas.ai/funds/vespa-capital) — Series B