Podcasting platform Acast secures Series A funding to boost its growth and expasion plans

FinSMEs
Sweden Investments 18 May 2015
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Acast, the Stockholm and London-based full service podcast platform that allows users to discover and share on-demand audio content enhanced with videos, images and links, announced today the closing of its Series A funding round.

This includes an investment of over $5 million from Bonnier Growth Media and a follow-on investment from early-stage VC firm MOOR, promoting their continued belief in the company.

The fresh capital will boost the continued growth of Acast in Europe and accelerates plans for expansion into the US market, with recruitment already underway for a soon-to-launch New York office.

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