Digital display maker Enplug raises USD2.5 million seed funding
Enplug, a digital signage maker company, has raised USD2.5 million seed funding. This was according to a report from TechCrunch. The Los Angeles headquartered company has thought of new way to do digital displays. This was through software that would be allowing its customers to customize after downloading available social apps where clients could contact each other.
The seed funding was taken in for the first time since the startup was launched two years ago. The money taken in from the seed round would be used for company operations. This would allow Enplug to promote its digital signage to more cafes, retail shops, restaurants and other commercial spaces, said TechCrunch.
The investment was made by numerous investors. This included Rasoul Oskuoy from Juniper Networks, Oaktree Capital’s Larry Keele, Bill Gross of Idealab, Ex-President and CTO of AT&T Hossein Eslambolchi, David Cohen of Interscope, Justin Caldbeck of Lighstpeed Venture Partners and Troy Carter of Atom Factory. Other investors included Howard Marks of Activision, Amidi Group, zPark Ventrue and DominateFund.