TLDR:
- Recast, an Edinburgh-based sports streaming platform, secures $5 million funding led by Morpheus Ventures.
- The funding will support the further development of Recast’s API-centric smart payment platform and micro-payment wallet.
Recast, a sports streaming platform based in Edinburgh, has secured a $5 million funding round led by US venture capital firm Morpheus Ventures. Additional investments were made by Airstream Ventures and US-based law firm Cooley. Airstream Ventures, founded by Gavin Petken and Ed Woodward, has increased their initial investment to support the development of Recast’s API-centric smart payment platform and micro-payment wallet, which will enhance the platform’s capabilities to sell digital commodities beyond video and live streams monetization. Joseph Miller, managing partner of Morpheus Ventures, emphasized the potential of Recast’s platform to revolutionize digital content monetization and distribution, similar to how Shopify transformed e-commerce. The funding will provide support for Recast’s mission to provide universal access to content while ensuring fair value exchange for all stakeholders.
