Avathon Capital
150 N Wacker Drive, Suite 900, Chicago, IL, 60606, United States
Overview
Avathon Capital is an investment platform, a private equity firm based in Chicago, that specializes in investing in growing, lower-middle-market companies in the education and workforce markets.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Education
- Financial Services
- Virtual Workforce
Investment portfolio
- EdCast
Led · Series D · Dec 2019
EdCast is an AI-powered Knowledge Cloud that provides unified discovery, personalized learning, and knowledge management for enterprise customers. Its offerings include a Learning Experience Platform (LXP), a Content Marketplace, and MyGuide in-app guides, intelligence and automation for business software. The platform integrates with Google Search, Microsoft Office, Microsoft Teams, Salesforce, Slack, ServiceNow, VMware and others to deliver learning in the flow of work. EdCast’s award-winning platform is used by Global 2000 companies and large government organizations, including Hewlett Packard Enterprise, Dell EMC, ANZ Bank, Schneider Electric, Jefferson Health, Mars Inc., NASSCOM, and the World Economic Forum. It serves two million paid users and aims to expand its Knowledge Cloud, Content Marketplace, and MyGuide products. The company also plans to continue hiring across sales, marketing, and product engineering to support its customer growth. EdCast’s core product is the Knowledge Cloud platform, which provides AI-powered contextual content and personalized learning in the flow of work across business applications such as Microsoft Office365, ServiceNow, Salesforce and Slack. The company offers a Learning Experience Platform (LXP) and MyGuide in-app guides, intelligence and automation for business software. EdCast operates a ContentExchange marketplace that includes partners like edX.org, Regis Group, Harvard ManageMentor, Mandel Communications and Intuition. The company announced an integration with Box and said it will announce additional integrations in Q1 2019. EdCast reported it has surpassed two million paid users across hundreds of enterprise and public-sector customers, including HPE, Dell EMC, Schneider Electric, ANZ Bank, Jefferson Health and others. The announcement framed the product as supporting a broader enterprise shift to cloud and AI-powered upskilling solutions amid rising corporate demand for training. EdCast builds the EdCast Knowledge Media & Intelligence Network, delivering curated, contextual bite-size insights (SmartBites) and live access to influencers and subject-matter experts. Its platform powers social, mobile and cloud-based informal learning for enterprises, institutions, governments and nonprofits. The company positions itself to enable lifelong learning for individuals, teams and organizations and is targeting workplace millennials while expanding into telecom, banking, media and retail. EdCast counts large enterprise customers and partnerships, including HP (powering HP LIFE), GE, Salesforce and EMC; HP LIFE reaches a knowledge community of over 500,000 users worldwide. The company is a Stanford StartX company advised by visionaries such as Mitch Kapor and Professor Jeffrey Sachs. Financially, EdCast has completed a $16 million Series B following a prior $6 million Series A in late 2014. EdCast builds a Knowledge Cloud and personal learning network that powers online learning portals built on OpenEdX for institutions, enterprises, governments and non-profits. The platform is designed to enable collaboration among educators, students and employers and to scale to millions of learners. The company is pursuing a "multiversity" vision to interconnect hundreds of campuses through public and private hosted clouds to deliver the best curriculum globally. EdCast has announced partnerships including a project with the United Nations’ Sustainable Development Solutions Network linking over 200 institutions and engagement with the Open Education Consortium's 300+ member institutions. Financially, EdCast has just completed a $6 million Series A financing led by SoftBank Capital. The team is led by founder and CEO Karl Mehta, formerly founder & CEO of PlaySpan (acquired by Visa), and the company is based in Mountain View, California.