Scodix has raised approximately NIS62 million ($19 million) in funding after completing an initial public offering (IPO), with the digital print enhancement specialist now listed – under SCDX – as a publicly traded company on the Tel Aviv Stock Exchange (TASE).

Eli Grinberg, CEO and founder at Scodix, said, ‘We thank investors for their significant expression of confidence in Scodix, which is reflected in the successful IPO recruitment.’

Scodix presses provide digital enhancement options for print, and shorten the enhancement cycle time compared to analogue processes. Its products include Scodix Foil, Scodix Sense and Scodix Cast&Cure, amongst others. Scodix’s current line of presses includes the recently launched Scodix Ultra Digital Enhancement series of presses, including six presses that each appeal to a different market, allowing for printing in different volumes and different sheet sizes up to B1. The Scodix Ultra 5000 and 6000 presses are suitable for packaging applications, with Scodix Ultra 4000 and 3000 presses for web-to-print purposes, and the Scodix 2000 and 1000 presses serving the needs of the commercial and speciality markets. To date, Scodix has registered 41 patents and is in the process of filing three further patent applications worldwide.

Mr Grinberg added, ‘Scodix has identified significant demand for enhanced printing solutions in the packaging and web-to-print markets, and aims to increase its foothold. In recent months, we have worked with leading global packaging manufacturers and recognise the growing interest in our solutions. At the same time, we continue to serve the commercial print market.’