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Vidyard Raises $35 Million in Series C Funding

Content - Vidyard, a Canadian video analytics company, hosts business video content for distribution and gives marketers tools for analyzing and optimizing video marketing. Battery Ventures led the $35M Series C, which go towards maintaining 3x-plus year-over-year growth with investments in marketing, sales, and customer experience.

Grovo Raises $40 Million to Expand Its “Micro Learning” Content

Grovo, a video workforce learning platform, provides businesses and their employees with micro learning content for online tools, management skills, and company communication. Accel led the $40M Series C, which support the expansion of Grovo's core product to include new kinds of content, including GIFs, quizzes and podcasts, and continued customer growth.

IBM Acquires UStream, Powering Into Live-Streaming Videos

With this deal, IBM is creating a new business unit called Cloud Video Services. UStream will provide video streaming in a full service suite of digital video solutions under IBM's roof.

Stephanie Palmeri and Andy McLoughlin Promoted to Partners

SoftTech VC is excited to announce the promotions of Stephanie Palmeri and Andy McLoughlin to partners. Check out our blog to learn more about our new partners.

6SensorLabs' Nima Gluten Sensor Wins TechCrunch Hardware Battlefield 2015

Nima identifies gluten in foods in two minutes. Using a small food sample into Nima's pod delivers lab quality testing at your dining table. 6SensorLab is currently taking pre-orders for the device.

Songkick Raises $10 million in Funding to Help Fans, Not Scalpers, Buy Concert Tickets.

Songkick built its reputation as the leader in discovering live music based on your music selection. The round will help Songkick expand its move to selling tickets by working directly with music artists and to address the issue of ticket scalpers keeping real fans from buying their concert tickets without paying hugely inflated prices.

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From Our Blog

Stephanie Palmeri and Andy McLoughlin both made Partners!

You got the gist of it – now read on for more details.

First, Stephanie: ever since I met her 5 years ago, I have been impressed by her drive, smarts and resourcefulness. Even though I sort of pushed her away initially, we were lucky enough to have Stephanie join us as Senior Associate then Principal – and sponsor 18 investments across Fund III and IV (including Niche [TWTR], Grovo, and ClassDojo), sourcing and supporting several more. Not only has Stephanie developed the fundamental skills that make a great investor (sourcing, board leadership, fundraising, legal), she has supported companies in good times and challenging ones, and become an invaluable contributor to both our SoftTech family and the broader ecosystem. Thanks to her hard work, Stephanie has demonstrated that she has earned the Title and I am very excited to share the good news: Stephanie is now my Partner.

Andy joined us last April as Venture Partner after … Read more »

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