News

Pixel gets $10.5 million in 2nd round

April 7, 2002

SAN MARCOS, TEXAS - Pixel Magic Imaging has secured $10.5 million in second-round funding from Southeast Interactive Technology Funds, Sony Electronics and Barnard & Co. LLC.

Pixel, which provides photo kiosk solutions, will use the funds to expand infrastructure and fund new product development. It also recently added to its management team with the addition of former Qualex senior operations manager Jerry Buckley as COO. Pixel also named a new CFO in Chuck Harvey, a former executive with PepsiCo.

Pixel has photo kiosk placements in 50 states and more than 100 companies use its Web storefront, MyPhotoLab.com. The company has more than 300 employees.

The lead investor, North Carolina-based Southeast Interactive Technology Funds, also participated in the company's first-round funding.