LAGO Innovation Fund (LAGO), supporting high-growth startups with custom term loan credit facilities and equity co-investments, has anounced a USD 20 million capital raise for Videri Inc..
“We are delighted to close a significant growth capital raise that will allow an industry game-changer such as Videri to further expand its innovative product line and reach more industry sectors,” said Heather LaFreniere, Co-Founder and Managing Partner of LAGO. “Our fund is uniquely designed for this exact opportunity, to help emerging businesses fulfill their commercial potential by successfully delivering products and services to their important customer base.”
Founded in 2013, Videri describes itself as end-to-end digital display platform and claims to have morew than 100,000 Videri Digital Canvases deployed across more than 80 countries.
“This round of funding marks an important step in the next phase of Videri’s go-to-market strategy,” stated Wes Nicol, CEO at Videri. “The team at LAGO Innovation Fund clearly appreciates our unique value proposition and how we challenge limitations of traditional digital display solutions. This year, we launched a global partner program, opening up the Videri platform to technology, integrator and reseller partners globally, and with this infusion of capital, we can reach more partners in more markets driving incremental value to our customer base.”
The LAGO Innovation Fund, part of LAGO Asset Management, supports growth by delivering customized term loan credit facilities and equity co-investments to founders and investors of high-growth disruptive companies. Through its experienced team with expertise in private credit, alternative lending and venture debt capital, LAGO specializes in providing capital, typically from $3-$30MM to fuel the growth of emerging leaders in a wide range of sectors including XaaS, Mobility, AI, Climate Tech, Health + Wellness, Food + Beverage and E-Commerce. The company acts as a partner to structure founder-friendly investments that provide incremental, longer-term investable capital to drive market penetration and ultimately the value of your business.