Press Release
Maestro
Joined: 14 Feb 2005
Posts: 838
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 Posted: Fri Jul 14, 2006 12:24 am Post subject: WorkshopLive announces investment from GIV Venture Partners |
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WorkshopLive, Inc. has announced closing of an institutional round of $3.25 million in new funding lead by GIV Venture Partners.
WorkshopLive is a unique online educational platform that delivers personalized music lessons through a broadband Internet connection. The company’s patent-pending technology determines how each student learns best, then delivers the music teachers, music lessons and learning environment that best suits the student’s needs.
The funds will be used to expand marketing, and to hire additional staff to add functionality to the renowned WorkshopLive e-learning platform.
In conjunction with this financing, Chris Legg and Adam Jackson, both from GIV Venture Partners will be joining the Board of Directors.
David Smolover, founder and CEO, said, “With 70 million individuals having high-speed access at home, the Internet has proven its viability in all sorts of interesting new uses, and one of the most exciting is distance learning. This important investment will further position WorkshopLive for growth in both our customer base and our offerings. We appreciate the vote of confidence from such forward-thinking investors such as Bill Melton of GIV Venture Partners.
Chris Legg of GIV said, “Broadband has reached critical mass. The only limitation on further growth in Internet-based business is content: interesting applications. WorkshopLive has found the secret. It combines a growing market, an interesting subject, and a world-class platform. The company is already delivering more than other e-learning companies are even promising, and we expect great things from this collaboration.”
For more information on WorkshopLive, please visit www.WorkshopLive.com
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