360 Collins St, Level 32, Melbourne VIC Australia 3000 Philosophy. We are global in scope and provide early-stage investments with strategic value to promising companies in the healthcare space. These users have also spent more than 2.5 years reading. Tarnagulla ventures is a venture capital firm based in Melbourne, Australia. Launched late last year, Booktrack claims to have more than 300,000 users creating more than 3,600 Booktracks in 30 different languages. The results, published by a Liel Leibovitz, noted that out of 41 adults, “virtually all subjects performed moderately to significantly better on information retention tests on Booktrack’s enhanced platform than they did after reading the same text on an unenhanced book reader.” This study only further validates a previous study conducted at New York University in 2011. According to Booktrack, out of 248 middle and high school students in the randomised study, those who read the syllabus text with a synchronised soundtrack spent 30 per cent more time reading and recorded a 17 per cent increase in comprehension, than their peers in the control group. Given that Sparkbox Ventures hails from New Zealand, it is no surprise that Booktrack Classroom was launched basis findings from a research project conducted at the University of Auckland. Students can also match their stories to some 20,000 free-to-use music and ambient audio tracks, which will be paced to their reading speeds. These books include famous classics and contemporary titles, like Romeo and Juliet and The Cloud respectively.
SPARKBOX VENTURES FREE
In addition, it has secured US$3 million in funding led by New Zealand-based investment firm Sparkbox Ventures.Īs Booktrack enters the education space, its ‘classroom’ feature will allow students free access to soundtracked e-books, according to an official statement. The startup, previously backed by PayPal’s Peter Thiel and Park Road Post Productions, today announced that it has launched a classroom feature available on iOS App Store, Google Play and Google Chrome Store.
A new way to write,” touts the official website of Booktrack, an American e-book platform that allows reading with soundtracks. GD1 Fund II is currently open for investment until final close later this year.The audio book platform has now entered the education industry with money in its pockets! Do people read better with music? GD1 is occupying a niche in between where the angel market invests and where other VC funds target slightly larger investments.” NZVIF Investment Director Aaron Tregaskis said: “Venture capital investment is at healthy levels but we always need new funds coming into the market to continue and build on the momentum which has been achieved. The co-investment partnership should see Sparkbox Ventures and NZVIF combining to invest around 10 million in start-up companies over the next five years.
SPARKBOX VENTURES SERIAL
Co-founded by Justin Wright and serial entrepreneur Miles Valentine (founder of Zeacom), Qotient has offices and customers in Auckland, Sydney and San Francisco. National angel group Sparkbox Ventures plans to back 20 entrepreneurs over the next five years, following the renewal of its investment partnership with the New Zealand Venture Investment Fund. The Fund has made its first investment in sales automation SaaS startup Qotient. Our sector preference is Information technology.
We are typically investing into companies which already have revenues of US$1-3 million, customers in offshore markets, and a clear global competitive advantage,” GD1’s Chintaka Ranatunga said. Sparkbox Venture Group is New Zealand’s leading early stage investor and has been investing in New Zealand innovation companies since 2001.
SPARKBOX VENTURES SOFTWARE
“Investors are showing faith in our proposition, which is to target early-stage software companies needing investment of between US$500,000 and US$2.5 million at the pre-Series A and Series A stages. GD1 Fund II is a cross-border technology-focused fund with the majority of capital to be invested in New Zealand and Taiwanese startups with a focus on the US and Asian markets. New Zealand investors include Stephen Tindall’s K1W1, Diligent Founder Brian Henry, and a range of private investors with technology and finance backgrounds. The remainder came from Sparkbox, the Fund’s management team and private investors in New Zealand, Taiwan, Australia, Singapore, Hong Kong, and the US, it said in a statement. New Zealand Venture Investment Fund (NZVIF) and its Taiwan counterpart National Development Fund committed around NZ$11 million (US$7.5 million) each towards this. Global from Day One (GD1), a VC fund launched by Auckland-based Sparkbox Ventures and Taipei-based VC firm Pinehurst Advisors, has raised NZ$38 million (US$26 million) towards its second fund. GD1 Fund II is a cross-border technology fund targeting startups in New Zealand and Taiwan with a focus on the US and Asian markets
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