Podcast hostings platforms are continuing to haul in money, Naver having backed Pocket FM in its series C round.
Internet group Naver co-led India-based audio streaming platform developer Pocket FM’s $65m series C round today as the popularity of podcasts and other non-music audio content grows.
The round was co-led with venture capital firms Goodwater Capital and Tanglin Venture Partners and it increased the company’s overall funding to $93m.
Founded in 2018, PocketFM operates an online hosting platform for podcasts and audiobooks that boasts more than 100,000 hours of content. Proceeds from the funding will be used to expand…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
