EDCAST: $16 million to Mountain View, CA-based EdCast in a Series B round led by GE Asset Management, with Softbank Capital, Cervin Ventures, Stanford-StartX Fund and Pentra Global also participating. Founded in 2013, EdCast offers a mobile platform through which schools, companies and individuals can teach bite-sized courses (dubbed “SmartBites”).
The company invites general consumers to tune in to live EdCast feeds from hand-picked thought leaders. For companies, EdCast delivers a curated content feed of new most relevant to their needs. Early corporate partners include Salesforce, EMC, Hewlett-Packard and General Electric.
This funding follows a $6 million Series A round in September 2014, and boost EdCast’s funding total to $22 million. EdCast’s founder and CEO, Karl Mehta told TechCrunch the company has close to a million daily users, and a “few hundred” corporate customers who pay for a subscription. More details in the press release.
