Zmags, one of the UK and World’s leading providers of digital publishing software, has announced it has raised £2.1 million in Series B funding from OpenView Venture Partners, bringing the total investment in the company to £3.5 million. Zmags plans to use the capital to expand the company’s sales and marketing efforts in the U.S. and accelerate research and development.
“We see massive potential for the Zmags platform as traditional media publishers begin to look for ways to leverage online, rich media interactive marketing,” said Scott Maxwell, Founding Partner of OpenView Venture Partners. “The Zmags team has done a tremendous job bringing the solution to market and achieving the leading position in Europe for this technology. OpenView will help the company secure a similar leading position in the U.S.”
With Worldwide headquarters in Denmark and UK offices based in Croydon, Zmags’ web-based publishing platform allows webmasters and marketers to easily create interactive digital magazines, catalogues, and books. With Zmags Publicator, you can turn static PDF documents into dynamic, rich media presentations with just a few clicks of a mouse. Zmags currently has 1200 customers in over 20 countries, including Volkswagen, Microsoft, IKEA, and Microsoft.
In January 2008, Zmags raised £1.3 million in a first round of funding from NorthCap Partners. “When we invested in Zmags, our plan was to bring on a U.S. VC in about a year,” said Jesper Scharling Sorensen, a Partner for NorthCap. “Having achieved that in four months is a testament to the success and ambition of Zmags’ management team. This investment enables the organizational development that will be necessary to establish Zmags as the leading provider of online publishing solutions worldwide.”
“We have a very aggressive sales and marketing strategy,” said Jens Karstoft, CEO of Zmags. “We have more than tripled our revenue each year since we founded the company in 2005, and with continued support from our investors, we are well-suited to continue growing at this rate.”
Websites:
www.zmags.comwww.openviewpartners.comwww.northcappartners.com
