Thompson Street Capital Partners Completes Growth Investment in WeVideo
ST. LOUIS (December 14, 2020) – Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today a growth investment in WeVideo, Inc., a Mountain View, California-based provider of cloud-based video editing software focused on the K-12 education market. AQ Technology Partners served as the exclusive financial advisor to WeVideo. Terms of the transaction were not disclosed.
Founded in 2011, WeVideo (www.wevideo.com) serves more than 6,500 school districts and more than four million students with a cloud-based application that enables users to create video content and collaborate via web browsers and mobile devices. The Company’s robust integrations with learning management systems ensure privacy and security and make it easy for administrators to provision and manage users, groups, schools and districts. WeVideo for Schools is also the only video creation solution selected for inclusion in Google's Education Creative Bundle for Chromebooks.
Outside of education, the Company serves more than 25 million total users across its business, nonprofit and individual markets. WeVideo also provides the video engine for a number of third-party media solutions via APIs and other integrations.
“This partnership represents a shared vision and provides an incredibly exciting opportunity for WeVideo to accelerate its growth with Thompson Street Capital Partners,” said Krishna Menon, CEO of WeVideo. “In the last few years, WeVideo has delivered on a combination of product innovation, customer growth and profitability, and this investment allows us to further expand our reach and impact.”
Craig Albrecht, Managing Director, TSCP, said, “WeVideo’s fully integrated editing suite balances ease of use with advanced features to deliver a differentiated experience for its K-12, business and individual customers.” Mr. Albrecht added, “We are thrilled to partner with the superb leadership team at WeVideo to reach new markets, create new value for our customers and accelerate the Company’s already outstanding growth.”