Following hot on the heels of it’s acquisition of C-nario, YCD Multimedia has completed a new USD6 million fundraising round led by Carmel Ventures, Opus Capital, Pitango Venture Capital and Plenus, together with other existing shareholders.
"We are delighted to have assisted this transaction and to be able to invest in the combined entity," says Avi Zeevi, C-nario’s Chairman and General Partner and Co-Founder of Carmel Ventures. "We can now combine the power of our individual strengths and core competencies to establish a leadership position in the digital signage industry. I would like to thank Tamir Ginat for leading C-nario to its current dominant position, and who was instrumental in making this transaction happen".
"We plan to increase market share and broaden our coverage," says Rami Kalish, YCD’s Chairman and Managing General Partner and Co-Founder of Pitango Venture Capital. "We see a tremendous number of business opportunities that we and our partners can effectively and efficiently target, and we plan to pursue those opportunities."
