With $1M In New Funding, Video Platform MediaCore Refocuses On Education, Hires Former Apple Education Exec Alan Greenberg
Summary
MediaCore, a company which launched a year ago with the mission of allowing any business to roll out its own private YouTube, is refocusing its efforts on the education market, and has raised an additional $1 million in funding to achieve those goals. The funding, which comes from private angel investors in the U.S. and U.K. including Alex Khein and Pierre Andurand, brings the startup’s total raise to $1.5 million, but it’s not the only news MediaCore has today. And a lot of big companies, too….so what we started really challenging ourselves on, is ‘how do we differentiate?” Reacting to some pressure from customers, including the University of London, the team realized that it was the education market, in specific, that could use more innovation. Now the company has signed up video-sharing site SchoolTube as a customer, which takes the MediaCore user base to 5.5 million students per month, and has notably attracted some key talent with hiring of Alan Greenberg. The company tells us that its burn rate is low, so it will focus on building more educational features into its product throughout this year, but will likely start raising again somewhere around November or January.
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