Robocast Announces Follow-On Investment from Brown Venture Group
Minority and Technology-Focused VC Firm Joins Lead Investors Ahead of Robocast’s Public Relaunch
NEW YORK, May 24, 2022–(BUSINESS WIRE)–Adding to its ongoing capital raise, Robocast Inc., which owns the patents for the now ubiquitous AutoPlay for Streaming, has secured a follow-on investment from Brown Venture Group (BVG), a venture capital firm exclusively for Black, Latino and Indigenous founded and led technology companies.
“We are honored to receive support from Brown Venture Group, members of the largest network of diverse-owned private equity firms and hedge funds in America,” said Damon C. Torres Founder and CEO of Robocast. “As a BIPOC entrepreneur, one of my many goals is to support and inspire other diverse entrepreneurs in the technology industry as the team at BVG does today. As we prepare for our public relaunch, we would like to also thank Warecorp – one of our most strategic vendors and investors – for their years of quality software publishing on behalf of Robocast and for introducing us to BVG. We are honored to grow our team with these strategic partnerships.”
Dr. Paul Campbell and Dr. Chris Brooks are BVG’s managing partners and Warecorp CEO, Chris Dykstra, and its COO, Jerome Hamilton, are general partners. “At both Warecorp and BVG, we have partnered with some of the most innovative tech firms in the industry, including Robocast,” said Hamilton. “We support Robocast’s vision and look forward to working with their standout team during this exciting period of innovation.”
“It has been our pleasure to introduce Damon to the managing partners at BVG after our years of custom software engineering and publishing for Robocast,” Dykstra added. “We’re excited to continue to explore Robocast’s potential and bring Damon’s ingenious ideas to life. We think Robocast’s inventions have great utility in today’s market.”
Robocast and its investors, board members and strategic partners are gearing up in preparation for the relaunch of the company’s patented AutoPlay technologies later this year.
Robocast Inc. is a technology company whose mission is to AUTOMATE THE NET® so people can PLAY THE WEB®. Founder Damon Torres invented an “Automated Browsing System…” commonly known today as “AutoPlay for Streaming.” Products and services available for licensing –and prepping for a formal public relaunch – include RoboSearch℠, RobocastSocial℠, RoboFeedr℠ and soon-to-be-announced new features. Its patent portfolio has been licensed to leading media companies such as music video distributor Vevo. Robocast provides licensing, content and education. For more information, visit www.robocast.com.
About Brown Venture Group
Founded in 2018, Brown Venture Group, LLC provides technology Founders of Color with investment capital, training and professional networks that assist in launching and scaling tech-based startups. BVG are members of the National Association of Investment Companies. For more information go to brownventuregroup.com.
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Lisa Linden, The LAKPR Group