Company Name : EdCast
Funding Amount : $16 million
Investor(s) GE Asset Management
Funding Round : Series B
EdCast, a Stanford StartX Company has raised $16 million round of financing led by GE Asset Management.
Other investors joining with GE Asset Management includes – SoftBank Capital, Cervin Ventures, Stanford StartX Fund and Penta Global.
This new capital comes in addition to $6 million Series A round led by Softbank Capital in late 2014.
EdCast is a knowledge network built to inspire, empower & educate individuals, teams and organizations to get smarter with daily curated & contextual bite-size insights with live access to influencers and Subject Matter Experts.
“We are laser focused on our mission to empower enterprises in the knowledge economy with curated, contextual SmartBites (bite size knowledge) used everyday to get smarter in their work. The Millennials in the workplace along with the complexity of engaging and educating customers and partners is creating the need and demand for our knowledge network to engage employees, partners, and customers with daily relevant insights,” said Karl Mehta, Founder & CEO of EdCast.