Coventry-based Digeprint has been given a cash injection by fund manager E-Synergy.
E-Synergy, which manages a national early growth fund and business angel network, is pumping in £220,000.
It is for the development and marketing of Digeprint's digital processing units.
Digeprint was established in April 2001 to design and manufacture a new type of digital print processor for the retail and photofinishing markets.
Initial research and product development was part financed by £250,000 from the Mercia Technology Fund, which invests in technology-based spin-out businesses from the West Midlands.
Following a number of years of research, Digeprint has now developed the DPP 305 aimed at portrait studios, schools and professional labs, independent retailers and corporate and government bodies, looking to produce high quality photo-graphic prints for the rapidly expanding market of digital camera users.
Digeprint, which has three employees, is specifically targeting the shake-up within the retail and minilab sectors caused by the sharp decline of film (analogue) printing.
Dr Mark Payton, lead investment executive primed with managing the Mercia Technology Fund, said: "Dige-print typifies the Mercia Technology Fund's key focus in regard to seed funding prom-ising proprietary high tech companies with strong growth prospects. I am pleased that Digeprint has successfully secured additional finance to further its development."
Mercia Technology Fund is managed by Birmingham-based WM Enterprise, a provider of specialist venture capital finance and economic development and regeneration consultancy services. ..SUPL: