Avathon Capital Leads $35 Million Funding Round in EdCast to Transform the Future of Work

Sterling Partners’ Education Opportunity Fund Becomes Avathon Capital; Leads Funding Round to Help EdCast Drive Growth and Impact in Workforce Management and Corporate Education Markets

December 12, 2019 09:00 AM Eastern Standard Time

SAN FRANCISCO–(BUSINESS WIRE)–EdCast, a category-defining leader in AI-powered personalized learning and knowledge management for enterprise customers, announced today the close of its $35 million Series D financing round led by Avathon Capital, an investment platform headquartered in Chicago and a part of Sterling Partners. In backing the company, Avathon will support EdCast as it expands and accelerates its market and product development efforts to provide enhanced corporate learning and upskilling content for its two million paid users. Other Series D participants included new EdCast investor National Grid Partners and existing EdCast investors, including State Street Global Advisors, REV Venture Partners and others.