NASHUA, N.H., Aug. 3 /PRNewswire/ — iSyndica announces today that it has raised an initial $350K as part of its series A. The funds will fuel iSyndica’s growth in the internet-distribution market. Lead investors include Jayesh Parekh, founder of Sony Entertainment Television, and Greg Blackwood, a veteran Pan-Asia investment professional.
iSyndica, a digital media-distribution platform, allows photographers and video producers to easily manage and distribute their portfolios on the Web. The series A funding will help the company improve its marketing efforts and accelerate product development. Gwyn Jones, CEO of iSyndica, says: “We continue moving toward our goal of providing a multi-category platform. The money will support the expansion of our digital content platform to vectors, eBooks and music.”
Sebastian Coursol, iSyndica’s CTO, brings more than nine years of experience working on large scale databases at Channel Velocity and Vistaprint, where he co-authored 15 patents. “Content sites are increasingly reaching out to partner with us. This has been very rewarding but it has emphasized our need to scale up.”
“I was immediately seduced by both the team and the idea behind iSyndica,” says Jayesh Parekh, one of iSyndica’s angel investors. “AOL CEO Tim Armstrong recently commented on the Web’s fragmentation. For online sellers, this fragmentation presents a true challenge. iSyndica will help them overcome that challenge and reach new customers.” Mr. Parekh was also appointed to iSyndica’s board of directors.
“iSyndica has received great reviews from early customers,” says Greg Blackwood. “And Gwyn and Seb’s involvement in the huge success of Vistaprint gives me great confidence in their ability to execute.”
For more information on iSyndica, please visit http://www.isyndica.com/.
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iSyndica, a cloud-based digital media distribution platform, simplifies online selling by syndicating, promoting and tracking user content on multiple established channels. iSyndica’s Upload Once – Sell Everywhere(TM) approach helps users increase their revenue while reducing their workload. Built on Amazon Web Services (AWS), our Virtual Distribution Server (VDS) is a groundbreaking, patent-pending, multi-category software-as-a-service (SaaS) distribution platform. iSyndica currently supports photography and video.
About Jayesh Parekh
Mr. Parekh is an active angel investor, with investments in major venture capital funds in Silicon Valley and start-up enterprises across the broad technology space. Prior to those ventures, he was a founder and board director of Sony Entertainment Television, a major cable and satellite television network launched in collaboration with Sony Pictures Entertainment, a division of Sony Corporation of Japan. He is also a founder and board director of Asvathaa and MobiApps, and was recently appointed as a board director and an investment committee member of SONG, a social impact India fund of Soros, Omidyar, and Google.
About Greg Blackwood
Mr. Blackwood has 15 years of experience in direct investing and entrepreneurial ventures in Asia and Europe. After beginning his career in banking in the United States, Mr. Blackwood worked with a private equity advisory firm in France that offered investment sourcing, structuring and execution to boutique investors in Europe. From 2000 to 2008, he was based in Singapore and Beijing. During that time he managed the Asian direct investment operations of a US-based family office, with a brief hiatus from 2004 to 2006 when he led a corporate mergers and acquisitions team in Tokyo for UPS Japan. In 2008 Mr. Blackwood joined Mitsui & Co.’s Singapore regional headquarters as Senior Investment Manager in charge of direct and indirect investments across the Asia-Pacific region.