August 3, 2009
iSyndica, a digital media company based in Nashua, New Hampshire, announced that it had received $320,000 in series A funding from two angel investors, Jayesh Parekh and Greg Blackwood.
iSyndica is a cloud-based internet platform that distributes digital media, such as video and other graphics. On the iSyndica corporate website, iSyndica advertises itself as a company that can be useful to people in the business industry and need graphs to chart stocks and for photographers and film makers as well. iSyndicaâ€™s platform is designed to upload once and sell many times over again. The platform employs multiple established channels and helps the user generate revenue. The iSyndica platform does have a patent pending and is based on the Amazon Web Service and operates as a SaaS or Software as a Service application.
Proceeds from this funding will go to help iSyndica to improve its marketing strategies and accelerate product development. As far as the CEO of iSyndica, Gwyn Jones, is concerned, the company is continuing to move to its goal of creating a multi-category platform for digital media marketers. This current round of funding will greatly help iSyndica provide a multi-content platform to its vectors, eBooks, and music.
To add to the companyâ€™s assets is iSyndicaâ€™s CTO, Sebastian Coursol, who has over nine years of experience in the field while working for Channel Velocity and Vistaprint. Mr. Coursol commented that already some major content sites are beginning to partner with iSyndica and this is a clear indication that the companyâ€™s efforts have been very rewarding. Mr. Coursol further stated that, though content networks want to partner with iSyndica is a good sign, however, the company still needs to scale up, and this round of funding will provide the needed capital to do so.
The funding came from two angel investors who are both veterans in the digital media industry. One of the angels, Jayesh Parekh was the founder of Sony Entertainment and also sits on its board of directors. Sony Entertainment is one of the largest cable and satellite television network and is in collaboration with Sony Pictures Entertainment, which is a subsidiary of Sony Corporation of Japan. Mr. Parekh is also very active with some of the major vc firms based in Silicon Valley. Mr. Parekh is also a member of the investment committee of SONG, a Soros backed social impact fund for India.
The other angel investor, who participated in this round of funding, is Greg Blackwood. Mr. Blackwood is an active investor and venture capitalist who has invested in both Asia and Europe. Mr. Blackwood had a banking career and also worked in France for a private equity advisory firm that offered investment sourcing, structuring, and execution to prominent investors in Europe. Later on, from 2000 to 2008, Mr. Blackwood worked out of Singapore, where he worked for a US family owned office. In between 2004 to 2006, Mr. Blackwood went on to lead large corporate mergers for UPS in Tokyo, Japan. In 2008, Mr. Blackwood went back to Singapore to join the management of Mitsui & Co. and worked there as the senior manager of investments for the companyâ€™s Asia-Pacific headquarters.
For more information about iSyndica, click here.