Cres­cent En­ter­prise ven­ture wins in­vestors

The National - News - - BUSINESS -

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.”

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