Recast, a rising player in the media technology industry, has successfully raised $5 million in its latest funding round. The investment includes contributions from Airstream Ventures, a venture capital business founded and backed by Gavin Petken, former Head of Investments at Business Growth Fund, and Ed Woodward, former Executive Vice-Chairman of Manchester United.
Airstream Ventures joins other investors in supporting Recast's innovative approach to content distribution and monetisation. The company's platform offers a new way for content creators to directly engage with their audiences and generate revenue, bypassing traditional distribution channels.
"We are thrilled to have the support of Airstream Ventures and our other investors," said Recast CEO and co-founder Andy Meikle. "This funding will enable us to accelerate our growth and continue to revolutionise the way content is consumed and monetised."
Recast plans to use the capital to expand its platform capabilities, enhance user experience, and broaden its reach within the media industry. The company aims to provide content creators with more control over their work and better financial returns, aligning with the evolving digital landscape.
Recast's innovative model has already attracted attention from major content creators and media companies. With this new funding, the company is well-positioned to further its mission of transforming content distribution and monetisation for the digital age.