XDC s.a., a Liege, Belgium-based provider of digital cinema distribution services, has secured €15.3m in growth capital from Gimv, SRIW and other existing investors.
Founding partner EVS remains the most important investor with a 30.2% fully diluted stake (41.3% not diluted) while SRIW and Gimv become cornerstone investors with a 20.7% and 20.2% stake (fully diluted) respectively.
The company, which provides end-to-end digital cinema solutions including equipment supply, financing, training, installation and 24/7 maintenance, as well as content processing and delivery, will use the funds to finance its growth in the coming years and execute its strategy to deploy and service more than 8,000 digital cinema screens across Europe by 2015.
Commenting on the financing, Serge Plasch, CEO of XDC, stated: “Securing new funding in this challenging financial climate shows the market potential of XDC’s technology and services. We are very proud that a new investor such as Gimv shares the vision with SRIW and our founding shareholders.
“With this funding, the company will be able to accelerate its network deployment and to expand its digital content services to the European cinema industry and beyond”.