Radiate, the media and education startup that features micro video lessons from experts and business leaders, has been acquired by the NYSE. The terms of the acquisition were not disclosed. Radiate was founded by longtime Bloomberg anchor Betty Liu in 2016. According to SEC filings, the company raised two rounds ($875K in 2016 and $975K in 2018, totaling $1.85M in funding. As a part of the acquisition, Liu will be joining the NYSE as Executive Vice Chairman.
“I’m very excited and honored to join the outstanding teams at the NYSE and ICE. The Exchange is at the very heart of global business – for many companies, making it onto the NYSE is the highest level of achievement,” Liu said. “I can’t wait to build upon a platform where C-suite leaders and entrepreneurs exchange ideas, innovate and connect. As a journalist, I reported on some of the greatest business stories of our generation. As an entrepreneur, I have a great appreciation for what it takes to start a business, build a team, and compete in the global marketplace. I look forward to leveraging both experiences to help great companies tell their stories and connect to customers and stakeholders alike.”
“Our team is excited to welcome a distinguished leader and keen business mind of Betty Liu’s caliber to her role as Executive Vice Chairman to help us expand the NYSE’s industry leadership,” remarked Jeff Sprecher, Chairman and CEO of Intercontinental Exchange and Chairman of NYSE Group and the New York Stock Exchange. “Betty’s combination of journalistic acumen, creative vision, international relationships, and entrepreneurial instincts will add greatly to the value we offer our customers around the world. We look forward to building on Radiate, the innovative business she founded, as part of our efforts to enrich the NYSE network and experience for our listed issuers and the broader business community.”
Radiate’s content library of more than 2,000 short-length video lessons taught by over 100 global CEOs and thought leaders will become assets of the NYSE when the deals closes, which is expected later this month.
