# Digiflex

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/digiflex

- Industry: Hardware
- Headquarters: Kefar Sava, Israel
- Website: www.digiflex-print.com
- Total disclosed funding: $1.2M
- Latest round: Series B (Feb 28, 2010)
- Investors on record: 8

## About

Digiflex Ltd. is an innovative technology firm specializing in software applications that enhance operational efficiency and data analytics for businesses, particularly in sectors like healthcare, finance, and e-commerce.Founded in 2008 in Kefar Sava, Israel, Digiflex Ltd. focuses on providing tailored software solutions. The company was acquired by PV Nano Cell Ltd. on December 18, 2017, for USD 10 mn. Muralidhar Nalli serves as CEO alongside Raul Rodriguez. Digiflex has engaged in a total of 6 deals throughout its history.The company specializes in providing innovative technology solutions that address specific market needs in various sectors. Their core product offerings include a suite of software applications designed to enhance operational efficiency, streamline processes, and improve data analytics for businesses. These applications are tailored for industries such as healthcare, finance, and e-commerce, facilitating seamless integration into existing workflows. The company targets a diverse client base, including small to medium enterprises and large corporations across North America and Europe. By focusing on customizable solutions that cater to unique client demands, the company has established a strong presence in these markets, ensuring that end users benefit from enhanced performance and strategic insights.The company's revenue model is structured around a combination of subscription services and direct sales of its flagship software products. Clients typically engage in annual contracts that provide access to the full suite of applications, alongside ongoing support and updates. Additionally, the company may offer tiered pricing plans that correspond to different service levels, allowing clients to select the package that best meets their operational requirements. Partnerships with distributors and resellers further expand their reach, facilitating transactions with a broader audience. Revenue generation is driven by both direct-to-consumer sales and B2B agreements, establishing multiple streams for the company's financial growth.Looking ahead, Digiflex Ltd. plans to enhance its product line with new software applications set to launch in 2024 that will further improve operational efficiencies. The company aims to expand its market presence into Asia and South America by 2025, leveraging its recent funding to facilitate this growth. The acquisition by PV Nano Cell Ltd. for USD 10 mn will support these initiatives and enhance product development efforts.

## Funding rounds

- Series B, Feb 28, 2010, $0.1M — Battery Ventures, Vertex Ventures Israel, Teuza, GlenRock Israel, ProSeed Venture Capital Fund, Technion Research & Development Foundation
- Series A, May 31, 2009, $0.2M — Battery Ventures, Vertex Ventures Israel, Teuza, ProSeed Venture Capital Fund, Technion Research & Development Foundation, Individual Investor Group
- Series A, Mar 28, 2008, $0.9M — Battery Ventures, Vertex Ventures Israel, ProSeed Venture Capital Fund, TechnionSeed

## Investors

- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series A, Series B
- Vertex Ventures Israel (https://capitalatlas.ai/funds/vertex-ventures-israel) — Series A, Series B
- ProSeed Venture Capital Fund (https://capitalatlas.ai/funds/proseed-venture-capital-fund) — Series A, Series B
- TechnionSeed (https://capitalatlas.ai/funds/technionseed) — Series A
- Teuza (https://capitalatlas.ai/funds/teuza) — Series A, Series B
- Technion Research & Development Foundation — Series A, Series B
- Individual Investor Group — Series A
- GlenRock Israel (https://capitalatlas.ai/funds/glenrock-israel) — Series B