Tech Company Financing Transactions
Podeo Funding Round
Oraseya Capital, Cedar Mundi Ventures and Ibtikar Fund participated in a $5.4 million Series A capital raise for Podeo. The funding round was announced on 9/30/2024.
Transaction Overview
Company Name
Announced On
9/30/2024
Transaction Type
Venture Equity
Amount
$5,400,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to accelerate its growth, expand AI capabilities, and continue delivering tools for the podcast value chain.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Undisclosed
Newark, NJ Undisclosed
USA
Newark, NJ Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Back in 2019, Stefano, Anthony and Mario were still in college when we came together with an idea for a smart podcast aggregator that tailored pre-game analysis based on the listener's travel time to the stadium. This idea earned a grant from the 2022 FIFA World Cup, and it was just the beginning. Facing the scarcity of Arabic podcasts in the MENA region, we made a bold pivot. We didn't just build an app; we ignited a regional decentralized media movement. Podeo has firmly solidified its position as the unrivaled leader in the audio value-chain, powering over 50 million listeners worldwide and expanding regional podcast supply by 50X to over 100,000 creators in less than two years -- up from a total of 1,000 podcasters prior to Podeo.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Stefano Fallaha
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