Ximalaya FM and Susquehanna International Group have taken part in a $100m round to launch podcast network Himalaya, which was spun out of Ximalaya.
Editor’s note: A subsequent Axios report on September 3, 2019 revealed that the $100m was actually a three-year commitment from Ximalaya, Himalaya’s majority shareholder. General Atlantic is an investor in Ximalaya and not Himalaya, and Ximalaya had provided $10m as of September. GCV data has been changed accordingly.
China-headquartered audio network Ximalaya FM spun out US-based podcasting platform Himalaya on Wednesday with $100m in funding from investors including Ximalaya.
Quantitative trading firm Susquehanna International Group and growth equity firm…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
