Frantic eyes growth after equity injection


TORONTO -- Canadian visual effects producer Frantic Films on Tuesday said it has secured an CAN$5 million ($4.3 million) equity investment from Toronto-based venture capital firm Priveq Capital Funds.

Winnipeg, Manitoba-based Frantic, best known for its FX work on Warner Bros.' "Scooby-Doo 2" and "The Italian Job," said the equity injection will enable company to grow through acquisitions.

"We are thrilled to have the Priveq team on board as we look to expand our business again," Frantic CEO and executive producer Jamie Brown said in a statement.

Frantic Films has expanded in recent years from its roots in visual effects to film and TV production and commercial work.

The Canadian company has offices in Winnipeg, Vancouver, Los Angeles and Sydney.