Danmagi said Tuesday it received a “significant” investment from Exact Invest, Danish venture capital company. Financial terms weren’t announced. Copenhagen-based Danmagi provides guest internet service provider for the hospitality and hotel industry.
COPENHAGEN, August 13, 2013 /PRNewswire/ —
Cloud based guest internet provider Danmagi announces a significant investment deal by Exact Invest, a Danish venture capital company.
Danmagi are aiming to shake up the guest internet industry with their cloud based solution. The company intends to be the leading provider for Wi-Fi in hotels, airports, stadia and transportation within a few years. After a couple of years of developing their service, Danmagi has started its global roll-out and they have a good global presence in EMEA, Latin America and Asia Pacific. Hotels and companies around the world that fed up with guest internet complaints are embracing Danmagi’s cloud based alternative and that was the reason for the investment by Exact Invest. Martin Nymark, CEO of Exact, says: “I know from personal experience of airports or staying at hotels that something clearly is wrong with Wi-Fi providers in general. There is a real difference in service levels with Danmagi and their fresh new cloud based approach.”
“The investment is a significant boost,” comments Daniel Lister, CEO of Danmagi. “Not just financially, but the Exact team also bring additional management support with relevant experience in Brazil and India where Danmagi already have established offices. For us the timing is perfect: the world is ready and desperately needs a new type of service provider that can deliver reliable Wi-Fi.”
Leading global hotels groups are engaging with Danmagi, clearly recognizing the advantage of a cloud centric solution with happy guests. Danmagi is expanding and current job postings are on http://www.danmagi.com.
Global guest internet service provider, started in 2011 and provides internet services to clients around the world. Danmagi operate in Latin America, EMEA and Asia Pacific with head office in Copenhagen, Denmark, and regional offices in Brazil,Denmark, India and UK.
Exact PE I A/S is a Private Equity Fund founded by Exact Invest and administered by Exact Capital & Consulting, which backed by a number of investors has been established with the purpose to invest in Brazilian companies, or companies with high focus on the Brazilian market. Through its experience and know-how acquired in Brazil and internationally, Exact is able to contribute not only capital, but also sparring and advice to management for the further development of the individual portfolio companies.
The chairman of Danmagi is Martin Nymark and CEO is Daniel Lister.