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
It adds to the $5 million Series A already raised.
Two podcast-related startups have secured new funding this week: Backtracks and PodMe.
We’re in the silly season now.
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.
Entale believes that listeners don’t just want to listen when they’re listening to something. Cool? Also, why does this sound so familiar?
Announced yesterday, the investment sees the parent of WordPress joins a collection of strategic investors that includes The New York Times, Bose Corporation, WGBH, and American Public Media, and deepens a relationship that started last year when the company made RadioPublic’s embed player available on all WordPress sites, as noted in the corresponding press release. […]
Plus: PRX gets a new Chief Operating Officer, Gimlet parts way with its Head of Product, and Dissect’s Third Season
Plus: Full Q&A with Lauren Shippen, creator of The Bright Sessions
Plus: ABC debuts Zach Braff’s “Alex, Inc”, follow-up on the BBC, and more on the daily podcast as front page