ComQi, a global in-venue multichannel message management company, announced that it has raised additional funding from its investors, as well as a new credit facility of $3 million 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 multichannel 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," said ComQi CEO Ajay Chowdhury, in the announcement.
All of ComQi's existing investors — Jerusalem Venture Partners, Wellington Partners, Amadeus Capital Partners and Aviv Ventures — participated in the new funding round.
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