YCD Multimedia, a provider of in-store digital media solutions that aim to maximize retailer sales and profitability, has closed a new financing package totaling USD12m.
YCD Multimedia, a provider of in-store digital media solutions that aim to maximize retailer sales and profitability, has closed a new financing package totaling USD12m.
The financing package includes new equity investment, led by venture capitalists Pitango Venture Capital and Arts Alliance Digital Ventures, and conversion of a bridge loan facility.
Rami Kalish, managing general partner and co-founder of Pitango and chairman of YCD Multimedia, says: "Our continued support and investment in YCD reflects our confidence in their vision for the future of retailing and their solid momentum toward reaching that vision."
The company will use the funds to continue to build on its presence in the US and UK markets and to invest in its product roadmap, providing retailers with a turnkey platform to create, manage, distribute and optimize in-store digital media to help drive sales and profitability.
