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Podcast marketplace company Acast has secured a Series C investment of $33 million led by a group of European investors. Acast has now raised over $67 million.
Over the past year, the company has been focused on developing voice-activated technologies for smart speakers. Since the beginning of 2018, Acast has seen a 1000% increase in listens on home devices and smart speakers. Recent innovations include building the exclusive in-car podcast app for Ford. In addition, Acast recently built and launched an Alexa Skill for podcast listening and recommendations, and an app for Google Assistant as well.
Acast CEO Ross Adams said 2018 has been a great year for the company. “Acast has grown by 86% percent, breaking all our records. Working with respected investors like AP1 and Robur on realizing our new mission is a huge vote of confidence. The team at Acast has worked very hard and we will use this funding round to continue pushing the podcast industry forward, making it more mainstream and accessible.”