Today's News |
Victoria's MediaCore Raises $4.5 Million Series A Financing Round
Tuesday, February 24, 2015
Victoria, BC, February 24, 2015--(T-Net)--MediaCore announced today that it has closed a $4.5 Million Series A financing round yesterday led by Vanedge Capital.
The Victoria, based company which provides a solution that enables educational institutes to capture media, build a media library and store content has now raised $6.5 Million over 3 rounds from 7 investors.
The company raised a $1.5M angel round from Andurance Ventures LLP, Alex Khein and Pierre Andurand in May 2013, and a $500K seed round back in August 2011.
Co-Founder and CEO Stuart Bowness
The company is currently led by Co-Founder and CEO Stuart Bowness who previously founded UI/UX design consultancy / studio Simple Station (2005 - January 2010).
MediaCore was founded in 2010 by co-founders Stuart Bowness and Damien Tanner with "the mission to transform how people teach and learn using digital media".
MediaCore is working to make it easy for institutions to create a online library where their students/professors can create and share educational media content in a private and secure environment.
Today the company is working with institutions of all sizes all over the world from Ivy League universities to small community colleges and schools.
Two weeks ago the company announced that it has been named one of the top platforms for online education in 2015 by Craig Weiss, e-learning expert and CEO of E-Learning 24/7.
The company was also MediaCore named as a Top 15 Canadian Startup in 2014 by metabridge, and was listed in the top ten most innovative companies in digital video by Fast Company in 2013.
The company has been recognized with numerous awards over the past few years - some of these may be seen on the MediaCore Awards and Achievements website page here.
The company currently has offices in Canada (Victoria, BC) and the United Kingdom (London), and is currently hiring on T-Net.
MediaCore Senior Leadership Team
Stuart Bowness Co-Founder, CEO |
Nathan Wright CTO |
James Cross Director of Education |
Damien Tanner Co-Founder |
Anthony Theocharis Chief of Engineering |
Johan Bosman Director of Business Development |
About MediaCore:
Since 2011 we've been helping institutions transform how instructors teach and how students learn with video. Our team is made up of educators, designers and developers who are passionate about education and focused on building the best educational media platform in the world.
Today, MediaCore is helping power flipped, hybrid, blended and distance learning initiatives at educational institutions in North America, Europe, Asia and Africa.
Our platform puts powerful video learning and sharing tools into the hands of every student and professor — empowering them to easily capture, manage and share video privately and securely across all mobile and desktop platforms.
About Vanedge Capital
Vanedge Capital I is a $138M early stage venture capital fund based in Vancouver, BC.
Launched in May 2010, investors in the fund include major institutional investors as well as a number of high net worth individuals. These investors are successful entrepreneurs and bring substantial connections and insight to the fund.
The investment team is comprised of industry veterans who bring a deep track record of successfully identifying, securing, and developing digital media investments. The Principals provide a broad network of high-level relationships with digital media companies and creative professionals, unparalleled domain knowledge, and significant operating experience gained through the management of, and investment in, technology, media, and entertainment businesses.
We invest worldwide, with a focus on the US and Canada, in companies where our unique combination of operating leadership and management, background in technology, creative and management talent, and subject matter expertise will generate out-sized returns. We focus on investing in companies which can leverage our operating skills, experience and contacts to bring great properties and services to market.
We provide world-class access to partnership opportunities, customer introductions and leadership to a select group of companies where growth and profitability can be enhanced through the strategic use of technology and licensing, improvements in core marketing, distribution and operating processes.
We generally invest in a Series A round between $2M - $10M in size and typically do not invest in seed or angel level investments. Ideal companies should be post-revenue with a fast-growing user base and have demonstrated product market fit. While we typically lead an investment round, we're also happy to partner with other investors to support your company's growth.
Photo Credits: MediaCore