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Scripted TV producer Paper Entertainment has become the 14th indie to secure investment from Channel 4’s Growth Fund - just five months since the company was formally launched.

Run by former Cineflix senior vice-president of global scripted co-productions Julien Leroux, Paper is co-producing the second series of Tehran, Apple TV+’s first non-English language drama. Leroux struck a deal between Apple+, Cineflix and Israeli network Kan 11 for the show.

Leroux quietly set up the company in June 2020 and publicly unveiled it in January as an outfit that would focus on "developing, financing and producing TV content in partnership with talent and producers around the world".

He recently made his first hire with Caroline Amer, the co-founder of comedy indie Double Yay Productions, joining as a development executive to work up further scripted projects.

C4 has invested in 14 indies through the fund, including six in the past year, including Leeds-based Duck Soup, which secured funds in April.

It is reportedly in talks with Manchester-based features and formats indie Salamanda. The company, founded by Sally Evans and Amanda De Freitas, is already part of C4’s N&R Emerging Indie scheme and is filming a family history-themed daytime pilot for the broadcaster this month.

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