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SIG helps put series B cash into Castbox

Apr 26, 2018 • Callum Cyrus

Podcast platform Castbox took its total funding to almost $30m with a $13.5m round that included returning investor SIG China.

US-based podcast app developer Castbox has closed a $13.5m series B round featuring SIG China, an investment fund run by technology and trading firm Susquehanna International Group, TechCrunch reported on Wednesday.

Venture capital group IDG Capital also participated in the round, as did VC firms Qiming Venture Partners and GSR Ventures.

Founded in China in 2016, Castbox has developed a podcasting app that uses natural language processing to transcribe and index the content of each podcast. The platform also deploys…

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