BoxCast • December 15, 2020
CLEVELAND, OH - BoxCast, an easy and powerful live streaming platform for organizations, today announced the closing of a $20 million Series A investment led by Updata Partners, with participation from Shure, a leading global manufacturer of audio equipment. The funding enables BoxCast to further accelerate product innovation and customer acquisition.
The BoxCast platform powers millions of live broadcasts, enabling organizations around the world to reach, engage and grow their communities. The company delivers a best-in-class streaming experience for broadcasters and viewers with plug-and-play simplicity, making reliable live streaming accessible to anyone.
“Our obsession is to serve organizations by making people part of the experiences they create,” said Gordon Daily, CEO & Co-Founder of BoxCast. “Adding a strong operating partner such as Updata and deepening our relationship with a strategic partner such as Shure at this stage in our journey is key to helping us fulfill our purpose of making people part of the experience. The teams at Updata and Shure are a great fit for our culture, our values, and the way in which we do business.”
Carter Griffin, General Partner at Updata Partners, said, “The live video streaming market has grown dramatically over the last decade, and COVID-19 has accelerated adoption in recent months. BoxCast offers a unique end-to-end platform that makes live streaming easy. We’re excited to partner with Gordon and his team, and look forward to contributing to their vision of making live events accessible to all.”
“We’ve been impressed with BoxCast’s rapid growth over the last two years,” said Brian Woodland, VP of Global Business Development at Shure. “Shure has always focused on delivering extraordinary sound to bigger audiences, and we’re proud to help BoxCast continue that mission by delivering the live event experience – from schools, houses of worship, music performances, sporting events, and more – to people at home. Our investment deepens our commitment to providing the best audio experience for BoxCast’s customers.”
BoxCast is an easy, flexible live streaming platform that empowers thousands of organizations around the world to engage and grow their communities through high-quality video. Launched in 2013, BoxCast is headquartered in Cleveland, OH. Learn more at www.boxcast.com.
Updata Partners is a leading technology-focused growth equity firm in Washington, DC. Led by an investment team averaging more than 25 years of technology experience, Updata invests in high-growth software and software-driven businesses where the combination of capital and operating experience will help accelerate success. To learn more, visit www.updata.com.
Shure has been making people sound extraordinary for nearly a century. Founded in 1925, the company is a leading global manufacturer of audio equipment known for quality, performance, and durability. Shure Incorporated is headquartered in Niles, Illinois, and has nearly 40 manufacturing facilities and regional sales offices throughout the Americas, EMEA, and Asia. To learn more, visit www.shure.com.