L Squared Capital Partners Completes Growth Investment in Kanopy
Investment will support Kanopy’s rapid growth and solidify its position as the leading provider of streaming video to the education sector, including colleges, universities, public libraries, and high schools globally
NEWPORT BEACH, Calif., June 7, 2018-- L Squared Capital Partners is pleased to announce a growth investment in Kanopy, which represents L Squared’s eighth platform investment over the past four years. Headquartered in San Francisco, Kanopy is a streaming video platform that offers millions of professors, students, and public library patrons free and convenient access to a unique collection of 30,000 highly curated films and documentaries. Kanopy has emerged as the leading destination for thoughtful educational entertainment with content ranging from award winning independent films and documentaries to cinematic classics to engaging lifelong learning course modules.
Kanopy’s CEO & Founder Olivia Humphrey commented, “We are thrilled to partner with the L Squared team to accelerate our mission of educating the next generation of global citizens through our unique content platform. We want our audiences to be challenged, educated, enriched and engaged. The partnership with L Squared will help expand our presence globally in both our university and public library markets.”
“We follow education technology trends closely,” said Rob Healy, Managing Partner at L Squared, “and Kanopy has built a technology platform and a unique library of thoughtful and educational content that plays into the secular shift to digital learning resources – and more specifically – the integration of film into the curriculum. We’re eager to help Kanopy expand its offering within existing markets as well as new territories.”
Randall Hunt, Partner at L Squared added, “Kanopy has created a unique destination for engaging film that is convenient to access; we’re most excited to create broader awareness of the platform. With over the 1,300 university and library partnerships in the US alone, over 60 million people have free access to Kanopy’s platform.”
Everyone from film scholars to casual viewers will discover remarkable and enriching films on Kanopy. To start watching today, please visit www.Kanopy.com where you can sign up for a free account via your public library.
At Kanopy we believe in the power of film to bridge cultural boundaries and bring people together. We stream thoughtful entertainment to your preferred device with no fees and no commercials by partnering with public libraries and universities. Log in with your library membership and enjoy our diverse catalog with new titles added every month. Start watching today at www.Kanopy.com and expand your worldview with us.
About L Squared Capital Partners
L Squared Capital Partners is an investment firm headquartered in Newport Beach, CA that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Education Technology, Tech-Enabled Services & Software, and Industrial Technology & Services. Our unique investor base of family offices enables us to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for over a decade and have over 60 years of combined experience investing in growing private companies. For additional information, please visit www.LSquaredCap.com.
This press release is for informational purposes only and is not intended as investment advice or an offer or solicitation with respect to the purchase of any investment. Investing with any investment firm is suitable only for qualified investors that fully understand the risks of such an investment. L Squared Capital Partners is an investment adviser registered with the United States Securities and Exchange Commission. Investments with L Squared Capital Partners are only offered in accordance with applicable securities laws.
L Squared Capital Partners
Rob Healy, 949-398-0179
Randall Hunt, 949-398-0172
Adam Kimura, 949-398-0177
Philip Nunes, 617-391-0792
Venture Capital Database