Committed Capital are delighted to announce their latest exit. On 2nd June 2022, they sold their equity interest in Knowledgemotion Ltd (trading as Boclips), a company providing schools and universities with curriculum consistent, rights cleared short educational video content. It licenses video content from some of the world’s most respected content producers such as TED Talks, Bloomberg, PBS, Reuters, The Economist, YouTube EDU and XinHua, China’s official state news agency.
Committed Capital invested initially in March 2019. Investors received an average return on investment of 1.8x (excluding tax relief).
Steve Harris, CEO of Committed Capital, said: “This is our fifth exit from the current cohort of EIS qualifying investments, and our second exit in 2022. We wish Boclips continued success in this next phase of its growth, following the sale to Achieve Partners.”
Like Boclips, Achieve is committed to transforming education with technology and rich media content. Achieve has partnered with Boclips to help us accelerate our mission and captivate every kind of learner with videos and podcasts.
“Video-based learning experiences have become table stakes in today’s post pandemic hybrid learning environments, but courseware providers and educators often still find themselves navigating a maze of materials in order to find the clips that best suit their needs,” said David Bainbridge, Founder and CEO of Boclips. “Our work is about leveraging AI to curate the highest-quality videos and podcasts from a massive library of relevant content to help deliver the right resource at the right time.”
Achieve will help Boclips continue and expand this work.
Of Boclips, Achieve Partners Managing Director Troy Williams said, “Despite the enormous popularity of videos and podcasts in the classroom, too many educators and content providers still have no consistent way to access content that is high-quality, copyright cleared and aligned with pedagogical goals. Boclips’ unique approach and platform bring much-needed structure, security, and relevance to make sense of a seemingly endless universe of video and audio content — and, in turn, help to improve academic outcomes for students.”