Crescent Enterprise venture wins investors

EdCast, a Silicon Valley company, has raised $33.6 million in investment from SoftBank, REV Venture Partners, London Fund and CE-Ventures, among others, and is expanding operations in the Mena region, CE-Ventures, the corporate venture capital arm of Crescent Enterprises, said yesterday. Tushar Singhvi, director of CE-ventures said: “We are keen to identify and support promising emerging technologies. Since its founding in 2013, EdCast has managed to attract many Global 2000 and Fortune 500 customers.”