Founded in 1988, Minicom Advanced Systems is a member of Intel Capital’s portfolio of companies. In 2009, Minicom established Minicom Digital Signage (MDS). With headquarters in Israel and regional offices in North America, Europe and China and now (as we told you exclusively back on 17th March) Minicom is to officially spin out its Digital Signage Division having just raised USD 6 Million.
The investment, which was led by Jerusalem Venture Partners (JVP) and joined by Aviv Ventures will enable the company to broaden its platform from its new offices in Jerusalem’s JVP Media Quarter.
Ronni Guggenheim told us “This investment is the natural next step in MDS’ lifecycle. The support of our investors positions us to explore inorganic growth options and to drive the acceleration of our product roadmap towards the establishment of MDS as a full scale enabling platform in the digital signage market.”
Gadi Tirosh, General Partner at JVP, explains “MDS, with its seasoned leadership, global footprint, and strong operating history from within Minicom, is poised to build a broader platform in this growing but still fragmented market.”
JVP typically invests in businesses that apply technology acumen towards the development of new media models
JVP is one of the leading venture capital funds in Israel. The fund operates from Jerusalem and manages over $780 million. JVP focuses on building market leaders in the fields of digital media technology, including gaming and virtual worlds, mobile media, software and hardware applications and Internet advertising. With leading industry venture partners and consultants in New York, Los Angeles and Europe and an international network of strategic partners, JVP leverages its unique market expertise, its dedicated management team and substantial capital base to build companies with the potential of shaping the global markets.
About Aviv Ventures
Aviv Ventures invests in Israel related technology companies, with a focus on companies providing “high-tech solutions to low-tech industries”. The fund seeks to invest in revenue stage companies as they transform themselves from R&D centric organizations into globally oriented companies with customer facing operations. Aviv helps its portfolio companies to bridge geographical and professional gaps as they grow and develop from Israel to world markets.