Acast has received €25 million in financing from the European Investment Bank as part of an unusual “quasi-equity” deal. Wait, what? Also: Ximalaya, plus Spotify-Anchor integration
Acast continues its push into smaller European markets.
With the announcement of Acast Access, the Swedish company becomes the latest platform to launch a paywall system.
Acast, the Swedish podcast hosting and content company that recently raised $35 million in series C funding, has acquired Pippa, a smaller podcast hosting and analytics startup, for an undisclosed sum. Pippa, which vaguely resembles Anchor as a DIY hosting solution, has four employees who will now join the Acast team as the two platforms’ […]
The Swedish podcast company, which launched back in April 2014, is officially pushing into France. CEO Ross Adams hinted at the move when I spoke to him back in December, around the time of their 35 million Series C funding round that expansion into non-English language markets were a big part of the strategy for […]
The money will apparently fund expansion into new content and territories, a push towards more non-advertising revenue streams, and an improved offering for smart speakers.
Plus: Adaptation deals, PRX expands its garages, and a formal TuneIn strategy takes shape