NVM Private Equity provides development capital investment in Knowledgemotion .
12 July 2017
NVM Private Equity (NVM) has invested £3m in London based Knowledgemotion the creators of boclips – a video platform designed specifically for the education sector.
boclips enables education providers to easily find, license and use video clips in their teaching products and services. The platform hosts over forty international content producers including the BBC, Getty Images, PBS NewsHour, Bloomberg and Associated Press – providing access to over two million rights-ready video clips.
The deep repository, the largest video library for education in the world, provides a single point for all school, university, corporate training and language learning video needs. The platform utilises proprietary algorithms and machine learning to map clips to the curricula and courses used by education providers around the world. All videos are ad-free, can be downloaded or streamed and, in an era of fake news, are from trusted and respected content sources.
In the 21st century, the traditional model of teaching is being radically changed. As with other industries, education is being transformed by digital technology. More students are working on computers and tablets, whilst teachers are increasingly using screens to illustrate aspects of their lessons. Within this the potential of video to powerfully captivate and contextualise learning is just starting to be realised. NVM’s investment in Knowledgemotion reflects the potential video has to engage the Netflix generation and ensure it is a component of ongoing learning.
This is the second video enabled company that NVM have invested in having provided development capital for Channel Mum in September 2016.
David Bainbridge, CEO of Knowledgemotion said:
“Outside the classroom video is the go-to medium for Millennials. As the education sector digitises it has come to understand how crucial the role video will play in making learning more engaging and effective. NVM’s investment will help us realise our goal of becoming the global marketplace for educational video – whether 2D, 3D, VR or AR.”
David Rolfe, Partner of NVM Private Equity said:
“This is an exciting moment for both NVM and Knowledgemotion. We believe David and his dedicated team have identified one of the key ways in which video consumption and engagement is transforming the education sector and we are thrilled to be backing them at this crucial stage of the Company’s development.”
Mark Wood, Chairman of Knowledgemotion, said:
“This is a company which is starting to build an exciting global business. Selecting NVM as our investor was a straightforward decision because they understood the market and shared our vision for the future, while also being a great cultural fit. “
NOTES TO EDITORS
For further information please contact:
- Natalie Dickinson (NVM: PR & Marketing) – 0118 951 7021 firstname.lastname@example.org
- David Rolfe (NVM: Investment Partner)– 0118 951 7013 email@example.com
- Hannah Smith (Knowledgemotion: PR & Marketing) – firstname.lastname@example.org
- David Bainbridge (Knowledgemotion: Founder & CEO) – email@example.com
Download photos of: Knowledgemotion – www.nvm.co.uk/PRphotos
Principals and key advisors to the transaction:
WK Corporate Finance (Corporate Finance) – Dane Phillipsand Adam Hart
HMT (Financial due diligence) – Andrew Thomson and Tom Bradbury
Shoosmiths (Legal for NVM) – Rachel Turner
CIL (Commercial due diligence) – Agnes Pusca and James Fothergill
Continuum (Management due diligence) – Steve Wycherley
NVM Private Equity is independently owned with over 30 years’ experience of investing in unquoted UK businesses. NVM is a generalist investor, managing over £270 million of funds, and is differentiated by having executives living and working in regional business communities throughout the UK. NVM seeks investment opportunities of between £2 million and £12 million in UK businesses which have the right mix of growth potential and market vision. They may be looking to grow organically, acquire another business or secure a management buy-out. www.nvm.co.uk
Knowledgemotion and boclips. Founded in 2013 boclips aggregates over two million rights-ready video clips from some of the world’s largest and most respected content producers onto a single cloud-based platform. Proprietary algorithms then map these clips to the curricula and courses used by education providers around the world – ensuring relevant search results for courseware designers, instructors and students. All videos are rights-ready, and contain stories from 1895 to yesterday. Current customers include Pearson Education, Hachette and Bloomsbury.