Edcast teaches $16m series B

Edcast, a US-based knowledge network, has raised $16m in a series B round from investors including the StartX Fund, an investment vehicle of Stanford University that backs startups linked to the institution.

The round was led by GE Asset Management, a fund manager of conglomerate General Electric. Softbank Capital, the corporate venturing unit of telecoms firm Softbank, Cervin Ventures and Penta Global also supplied cash.

Edcast is an alumnus of the StartX Accelerator program. The company provides a platform where users are able to create and share snippets of educational content.

In 2014, Edcast secured $6m in a series A round led by Softbank Capital. That round also included Kapor Capital, Menlo Ventures, Novel TMT Ventures, Cervin, Aarin Capital, and NewSchools Venture Fund’s accelerator CoLab.

Karl Mehta, founder and chief executive of Edcast, said: “Millennials in the workplace along with the complexity of engaging and educating customers and partners is creating the need for daily relevant insights from the world’s foremost experts and influencers in a variety of industries…”