Aquafadas, a Montpellier, France-based company specialising in the development and marketing of software for processing digital images and video, has completed a €1.2m financing round with Crédit Agricole Private Equity, Soridec and a number of private investors.
The funds raised will be used for the development of Aquafadas’ comic-strip catalogue and the acquisition of publishing licences, as well as for digitisation and commercial rollout.
Aquafadas was set up in January 2006 by President Claudia Zimmer and Matthieu Kopp. Commenting on the round, Zimmer said: “The future of the comic strip – like that of video, music and games – is digital, and we’re pleased to be playing our part in this revolution, with the support of Crédit Agricole Private Equity and Soridec. The financing round will enable us to acquire additional digital rights, stay at the cutting edge of technology and promote this new reading mode”.
This is the first transaction conducted by Crédit Agricole Private Equity in association with regional investment-capital company Soridec. It was made within the framework of a partnership dedicated to financing companies less than five years old in the Languedoc- Roussillon region.