Kartesia increases its KSO investment in Navori to support Maguar’s buy-and-build strategy

Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce an increase in its financing package for Navori Labs (“Navori” or “the Company”), a portfolio company of Maguar Capital (“Maguar”). The financing supports Navori Labs’ buy-and-build strategy through the acquisition of “Carousel”, a cloud-based digital signage provider in the United States, marking the second add-on acquisition since Maguar’s initial investment in Navori in January 2025.

Carousel, headquartered in Minneapolis and founded in 1997, is a specialist digital signage software provider operating a recurring SaaS subscription model. Its core product, the Carousel Cloud platform, covers content management, zone-based approval workflows, and player and device management, serving a wide range of industries with a primary focus on education, corporate, and government organizations.

Founded in 1998 and headquartered in Switzerland, Navori is a globally recognized leader in digital signage software. Its advanced platform enables businesses to seamlessly create, manage, and display multimedia content across multiple screens. As an industry leader, the Company serves a broad range of sectors including retail, quick-service restaurants, corporate communication, and transportation. Navori’s solutions are distributed across more than 150 countries through a global network of partners, including distributors, operators, and resellers.

The acquisition further solidifies Navori Labs’ position as the world’s largest independent CMS platform provider by installed base, while strengthening its global and US footprint, its capacity for product innovation, and its partner-centric service model. Going forward, the Company will continue to innovate across its professional-grade digital signage software, supported by a dedicated development team building next-generation solutions that feature AI-driven capabilities, advanced media handling, analytics, and device management, all underpinned by a flexible, API-first architecture.

Capital for the transaction has been deployed from the Kartesia Senior Opportunities (“KSO”) strategy. The deal team consisted of Nico Wellm and Daniel Kaltenecker.

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For further details, please contact:

H/Advisors – Finlay Donaldson
kartesia-uk@h-advisors.global
+44 (0) 7341 788 066