FDC to invest $15 mln in growth of Digital Underground Media
British private equity firm Forward Dimension Capital (FDC) announced plans to invest US$15 million over the next 18 months in Digital Underground Media Inc, a media business focused on the digital out-of-home advertising industry. Vancouver-based Digital Underground manufactures and installs its own technology in underground and train tunnels to deliver video ad images to commuters. It said it will use the proceeds of FDC's investment to advance global growth through initiatives in the areas of sales and marketing and product development. The company is led by President and CEO Ken Bicknell, who was previously a vice president at ENSIS Management, a Canadian venture capital firm.
8 September 2015•3 mins read
