Recast raises $5m to develop digital content monetisation platform
July 10 – Recast, the micro payment monetisation platform for streamed media, has closed a $5 million funding round with US-based venture capital firm Morpheus Ventures taking the lead, with additional investments from former Manchester United CEO Ed Woodward’s Airstream Ventures, and Cooley.
At the end of 2023 Recast, running out of cash, called in the administrators and a hunt for finance began. The new money signals a belief in the basic Recast proposition and a further evolution of its technology.
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