Librestream, a Winnipeg, Manitoba, Canada-based video collaboration platform, specifically designed for operations, raised CAD$11m in funding.
The round was led by Emerald Technology Ventures, with participation from BDC Capital’s Industrial, Clean and Energy Venture Fund as well as other new and existing private shareholders and investment funds. In conjunction with the funding, Charles Vaslet of Emerald Technology Ventures and Geoff Catherwood of BDC Capital joined the board of directors of Librestream.
The company will use the funds to execute its growth plans including the addition of sales and marketing resources and acceleration of the product roadmap.
Led by Kerry Thacher, President & CEO, Librestream develops mobile video collaboration solutions for energy, field service, manufacturing, and public sector industries. Deployed globally on over 10 million devices, the company’s video collaboration system is designed specifically to perform in the difficult environments operations teams work to quickly solve problems, monitor projects and improve communication.