Funding round completed
Amadeus Capital Partners and Wellington Partners invested $18 million in the second round funding of EnQii Holdings Ltd, a specialist in digital out-of-home (DOOH) advertising and sales networks. Roy Merritt, Partner at Amadeus, and Wellington General Partner Frank Boehnke will join the board of the company. The new investors join Ithmaar Bank, Kingdom of Bahrain, EnQii’s original investor. Carolyn Prowse, Managing Director, from Ithmaar Bank will also join the board.
EnQii, provides a full managed service of design, installation, technology and operation of web-enabled digital displays ranging from large LED or digital billboards, to smaller displays on shelves in shops. The new money will be used to accelerate the company’s growth.
EnQii’s CEO, Ajay Chowdhury, said, “We see fantastic growth opportunities in digital out-of-home advertising and are very happy to see this significant commitment from two of Europe’s leading VCs that will help us take full advantage of these opportunities.
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