Acast was able to raise 33 million dollars on a series C round funding. Acast is a podcast marketplace. It’s a platform that allows creators to reach their listeners and also be able to put up advertisements.
The software allows creators to easily upload and edit their content, as well be able to access analytics and have the ability to monetize their content. While listeners will be able to stream podcast on the Acast mobile app.
It’s been reported that funds will be used to increase Acast’s effort into their global expansion particularly in the US. The company says that their US market is their fastest growing market with a quarter of their listeners coming from the US.
Read more about the report here.