Victoria’s MediaCore, a cloud-based educational video platform company has closed $4.5 million in Series A financing led by Vanedge Capital.
As part of the funding Vanedge’s Moe Kermani will join the MediaCore board.
This investment comes on the back of record growth in 2014 which brought over 100 universities to MediaCore including notable institutions like Yale, Brown and UC Berkeley among many others.
Founded in 2011, MediaCore has also been recognized as a leader in the video learning space, having recently being named as one of the Top 20 Learning Platforms of 2015 by the ELearning 24/7 team, and one of the world’s most innovative companies in digital video by Fast Company Magazine.
“Our mission is to transform how people teach and learn using video,” said Stuart Bowness, CEO of MediaCore. “We’re here for the long haul. The investment will be used to continue to invest in our product and to hire up and scale operations.”
MediaCore is a cloud-based media platform, built to help educational institutions move to the cloud and streamline the process of recording, managing, and sharing video while maintaining security. “Universities love our intuitive, easy to use, mobile-friendly interfaces — and we’ve got some awesome things up our sleeves for 2015” said Mr. Bowness.
“We were compelled by Stuart, the team, and what they’ve built to power the next generation of students who have a lot of demand for online video in the classes they are taking,” said Moe Kermani, partner at Vanedge Capital. “We got a lot of passionate feedback from MediaCore’s customers, and it was clear that they were winning big on user experience, support and enterprise integrations, which we see as key in their market.”
“At Vanedge we were searching for a disruptive education platform to serve today’s on-demand generation of students, who consume a ton of video,” said Moe Kermani. “MediaCore is that company.”