Ocast raised SEK 2M for its media marketplace.

Ocast, a Stockholm, Sweden-based startup providing a media marketplace, announced raising SEK 2M ($220k) from Wellstreet.

Ocast, founded in 2014 by Eric Gisaeus and led by CEO Mike Radoor, has developed a software as a service platform for media outlets that intend to have access to an alternative sales channel.

The company has 6 employees and launched its service in 2016, currently available in 8 countries. Ocast expects a turnover of SEK 7M ($900k) in 2017.