What is the primary use of the capital increase proceeds?

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The primary use of the capital increase proceeds is for the further development of plugilo.

The capital increase undertaken by DCI Database for Commerce and Industry AG, amounting to EUR 133,014 to raise the company's share capital to EUR 1,463,163, is primarily intended to fund the ongoing development of its product, plugilo. This strategic financial move also saw the onboarding of Michael Urban as a significant new investor and shareholder.
Funding plugilo's Development and Global Expansion

The proceeds generated from the capital increase are earmarked for the enhancement of plugilo. This includes expanding its functionalities to cater to both Business to Consumer (B2C) and Business to Business (B2B) markets. The company has outlined plans for global scaling of plugilo, with further investment rounds anticipated for plugilo Inc.
Strategic Investment and New Shareholder

As part of this capital increase, DCI AG has secured Michael Urban as a key investor. Urban brings substantial expertise and a network of global connections to the company. His role extends beyond investment, as he is expected to actively contribute to plugilo's development and its global market success, particularly in establishing plugilo Inc. in the United States.
Michael Urban's Extensive Industry Experience

Michael Urban possesses over three decades of experience in the global IT market. He previously served as CEO of Actebis (now ALSO) and played a crucial role in advancing Tech Data and SYNNEX, ultimately leading the merger of these entities. This merger formed TD SYNNEX, a major IT distributor with significant revenues and a large workforce, highlighting Urban's proven track record in managing large-scale operations and integrations.
CEO's Commitment and Continued Investment

Michael Mohr, the founder, major shareholder, and CEO of DCI AG for the past 25 years, is also participating in this capital increase. His involvement alongside Michael Urban signifies a strong commitment to plugilo's expansion strategy. The company's shares are listed on the m:access of the Munich Stock Exchange.

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What is the primary use of the capital increase proceeds?

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