Algolith Announces $6.5 Million In New Funding - AvNetwork.com

Algolith Announces $6.5 Million In New Funding

Author:
Publish date:

Montréal, Québec -- Algolith has secured funding in the amount of $6.5 million (Canadian) in its Series A round of financing from a group of new and existing investors. The investors, which represent both institutional and private funding sources, include Fondaction, a Québec-based venture capital enterprise, and Lothian Partners, an affiliate of Coller Capital, the leading global investor in private equity secondaries.

"We're very pleased to invest in Algolith," said Dominique Bélanger, principle of Lothian Partners. "The new funding will enable Algolith to seize the opportunity to more pro-actively market its products and technologies in the rapidly growing home theater and digital TV market. As displays grow in size, they exhibit larger noise artifacts. Algolith is the only company in the market that has solutions for reducing these specific artifacts. In addition, as new products, such as Blue Ray and HD-DVD, enter the market, consumers' expectation of superb picture quality increases. Once again, no other company possesses as broad a range of high-quality image-enhancing solutions to provide what consumers are demanding."

In the post-production market, media content creators rely on Algolith products to restore image quality, and to convert images from one video format to another; for example, from film to video, or from a standard TV signal to HDTV.

Algolith...www.algolith.com
Fondaction...www.fondaction.com
Lothian Partners...www.multiplecapital.ca

Related

Fusion Media Group Funding

Fusion Media Group (FMG), an Out-of-Home media company, has announced its formation around the closing of a first majority acquisition funded by a $7.5 million Series A funding commitment from Waltham, Massachusetts-based Key Venture Partners (KVP).  At the closing, FMG established its first operating affiliate by acquiring the assets of Genesis Media Advertising of Tyler, Texas. FMG is implementing a new and innovative approach to the Outdoor Advertising—or more broadly defined Out-of-Home media—segment. The Company’s strategy is to buy majority interests in independent operators, providing partial liquidity to the Principals or other shareholders, while keeping their local managers in place to continue running and adding value to the business. This offers the benefits of partial equity value realization, a low leverage situation, and an opportunity to capture remaining upside equity value in the future to many of the over 500 independ

Fusion Media Group Secures Funding

Fusion Media Group (FMG), an Out-of-Home media company, has announced its formation around the closing of a first majority acquisition funded by a $7.5 million Series A funding commitment from Waltham, Massachusetts-based Key Venture Partners (KVP).  At the closing, FMG established its first operating affiliate by acquiring the assets of Genesis Media Advertising of Tyler, Texas. FMG is implementing a new and innovative approach to the Outdoor Advertising—or more broadly defined Out-of-Home media—segment. The Company’s strategy is to buy majority interests in independent operators, providing partial liquidity to the Principals or other shareholders, while keeping their local managers in place to continue running and adding value to the business. This offers the benefits of partial equity value realization, a low leverage situation, and an opportunity to capture remaining upside equity value in the future to many of the over 500 independent operator

ecoATM Attracts $17 Million in Investments

ecoATM , the San Diego start-up known for its commitment to the environment and its kiosks that automate the buy-back of used mobile phones and other used portable electronics directly from consumers, announced that it has closed its series B investment round of approximately $17 million. Current investors Claremont