Acast acquired the US-based podcast company Pippa.

Sweden M&A 24 April 2019
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Acast, a Stockholm, Sweden-based company managing a curated platform for podcasts, announced that it acquired the New York-based podcast company Pippa.

Financial details of the transaction were not disclosed.

Pippa, founded in 2016 by CEO Simon Marcus, Timothy Voice and Erwan Jegouzo, built a platform that lets podcast creators get their content onto other podcasting platforms from one place. The platform provides its users with a built-in automatic transcription service powered by IBM Watson, and a tool called Snipper that creates short video clips of pertinent snippets of shows for easy sharing to social media.

The company was backed by Techstars, Quake Capital and Right SIde Capital Management.

Acast, founded in 2013 by Mans Ulvestam and Karl Rosander and led by CEO Ross Adams, claims to be the world's largest marketplace for podcasts, with over 125 million monthly listeners globally. The company focuses on providing podcasters with monetisation tools, including access to a marketplace of advertisers. Including Pippa's portfolio, Acast will have a library of about 7000 podcasts shows available.

Acast raised about $70M in venture funding, from Nordic investors including Norron Asset Management, Swedbank Robur, Inbox Capital, Alfvén & Didrikson, CNI or Bonnier.