Some things take a lifetime to learn. Others take just a few minutes.
With a $5.4 million funding boost from Japanese investors, video summary platform Simpleshow is ramping up its expansion plans. The company provides customers with short animated or hand-crafted videos to explain topics or companies, with customers including BMW, eBay, Microsoft, Deutsche Bank, and IKEA, along with NGOs such as the German Red Cross.
Simpleshow claims to be valued at $75 million. Its goal is to have a strong presence around the world and will use the new funding to accelerate its globalization efforts.
The U.S. and Japan are first on the list for the company, which previously focused on the European market. It will also use the extra capital to enhance its product portfolio by providing more interactive educational features.
It’s not the only startup offering animated and video summaries for clients. Funk.e, which launched in the Netherlands but recently opened an office in Berlin, provides an even more compact service via its 75 second explainer videos.
Founded in 2008, Simpleshow has offices in Berlin, Luxembourg, Stuttgart, London, New York, Singapore, and Hong Kong. To date, the company has produced several thousand videos in more than 50 languages – in its classic model, it creates three-minute summaries to explain a range of subjects and companies.
For related posts, check out:
- “We’re not employees of a VC fund” Busuu founder on Ed Tech, bootstrapping and disrupting a billion-dollar industry
- “Edtech” – The beginning of a revolution in the classroom
- Infographic: The 7 fastest growing industries of 2013
This story originally appeared on VentureVillage. Copyright 2013