Tags: Investments 2012

* New funding to support expansion of in-venue messaging to mobile experiences and Connected displays

ComQi the global in-venue multichannel message management company, announced today that it has raised additional funding from its investors, as well as a new credit facility of $3m from Square 1 Bank, a diversified financial services company for entrepreneurs and the venture capital community. The new funding will be used to further develop ComQi’s multi-channel mobile platform, enhancing its streaming distribution products to leverage the growth of IP Connected displays in the marketplace and continuing to expand its distribution reach.

“We are very pleased to receive this new investment which allows us to continue our rapid growth and continue to develop products to suit our customers’ needs in this rapidly developing market. With their flexibility and attention, we truly received a unique banking experience with Square 1 Bank. They listened to our needs and supplied a creative and customized term sheet that met the strategic goals of our company,” said Ajay Chowdhury, ComQi’s CEO.

Brad Ellis, SVP and Managing Director of Square 1 Bank’s Venture Banking division said, “ComQi is developing some unique multi-channel message management products for the rapidly growing out of home signage and messaging market. We look forward to further supporting the developments of the company.”

All of ComQi’s existing investors – Jerusalem Venture Partners (JVP), Wellington Partners, Amadeus Capital Partners and Aviv Ventures – participated in the new funding round.

About ComQi

ComQi is a global leader providing a powerful multi-channel message management platform that controls a network’s content and infrastructure, closing the loop between digital signage, mobile, web and social media within a venue. ComQi won numerous awards including the AV Technology Award for the Best Digital Signage Product in 2011. It has been voted as the number one global digital signage provider for three years in a row by DailyDOOH and a Tier One player by Frost & Sullivan for the second year in a row.
Created through the merger of Minicom Digital Signage and EnQii, ComQi’s mission is to deliver an end-to-end solution that is tailored to engage consumers by optimizing communications and marketing strategies that provide the best ROI. By putting the consumer at the center of the experience, Comqi enables Connected Experiences through a single platform that offers media distribution, network and content management, interactive experiences and impact measurement. ComQi offers all these solutions directly or by partnering with systems integrators, distributors and marketing agencies.
ComQi’s hundreds of customers include leading brands around the world, such as Care Media, Compass Group and Six Flags (in the US), McDonald’s and The Premier League (in the UK), CinemaxX (in Germany), Toys ‘R’ Us (in China)  and Carrefour and Credit Lyonnais (in France).
With over 12 years of expertise and an installed base of more than 400,000 displays worldwide, ComQi is a global company headquartered in New York with offices in Jerusalem, Toronto, London, Zurich, Paris, Hong Kong Shanghai and a representative office in India.
For more information, visit www.comqi.com

About Square 1 Bank

Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1′s expertise, focus and strong capital base provide solid support for its clients’ needs. The bank offers tailored products and solutions aided by the latest in technological innovations. To serve its relationships, Square 1 has offices coast to coast in Austin, Boston, Boulder, Durham, McLean, New York, San Diego, Santa Monica, Seattle, and Silicon Valley.
For more information, visit www.square1bank.com.