Goldman Sachs feeds $50m to Kaltura
Aug 9, 2016
9 August 2016
Goldman Sachs transmits $50m to Kaltura
Online video technology provider Kaltura is also backed by Mitsui, Intel and Nokia as investors, and has disclosed $145m in funding since it was founded in 2006. Author: Robert Lavine, News Editor
Investment bank Goldman Sachs yesterday provided $50m in funding for Kaltura, a US-based video technology provider that counts corporates including Intel, Mitsui and Nokia as investors. Founded in 2006, Kaltura has built a range of products that power, manage and monetise online videos for enterprises, media companies and educational institutions. The investment, made through Goldman Sachs’ Private Capital Investing group and described as pre-IPO funding, will support its worldwide growth. It valued Kaltura at $500m, according to Israeli daily Calcalist. Ron Yekutiel, chairman and CEO of Kaltura, said: “Video is booming. It is the favourite data type for communication, collaboration, teaching and learning, marketing and entertainment. “Kaltura is in a unique position to capitalise on this huge market opportunity since it provides the broadest set of video products and capabilities to customers across all industries. "
The investment took the total funding disclosed by Kaltura to about $145m according to press releases and securities filings, its last round being a $47m series E in early 2014 led by SAP Ventures, the venture capital offshoot of enterprise software provider SAP now known as Sapphire Ventures, which valued it at $250m. The series E also included Nokia Growth Partners, Mitsui & Co Global Investment and Intel Capital, the respective corporate venturing arms of communications technology provider Nokia, conglomerate Mitsui and chipmaker Intel, as well as Commonfund Capital, Gera Ventures, .406 Ventures, Nexus Venture Partners and Silicon Valley Bank (SVB). Intel Capital first invested as part of Kaltura’s $20m series C round in 2011, participating together with Nexus Venture Partners, SVB, .406 Ventures and Avalon Ventures. All five returned for a $25m round in 2012 that included Mitsui & Co Global Investment and Orix Ventures, the VC branch of financial services provider Orix.