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About Acast
Industries
Consumer Software
Entertainment
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$92.5M
Headquarters
Stockholms kommun, Sweden
Founded
2013
Overview
Acast provides a platform for podcast creators and advertisers to connect with a global audience. The company offers tools and services that enable podcasters to host, distribute, and monetize their content effectively. Acast's business model includes earning revenue through a share of the advertising income generated on its platform and by charging subscription fees for premium services offered to podcasters. Unlike many competitors, Acast focuses on creating a fair and open podcasting ecosystem that benefits both creators and advertisers. The goal of Acast is to support the growth of the podcasting industry while ensuring that all parties involved can profit from their contributions.
Simplify's Take
What believers are saying
- Acast's acquisition of Wonder Media Network enhances U.S. operations and creative capabilities.
- AI-powered brand safety tools could attract more advertisers to Acast's platform.
- Generative AI for Spanish translation expands Acast's non-English speaking audience.
What critics are saying
- Integration challenges from acquiring Wonder Media Network may disrupt Acast's operations.
- AI-powered brand safety tools may face technical issues or advertiser resistance.
- Generative AI translation could lead to cultural insensitivity, alienating Spanish-speaking audiences.
What makes Acast unique
- Acast is the world's largest independent podcast company.
- Acast offers AI-powered brand safety tools for podcast advertising.
- Acast provides a platform for global podcast distribution and monetization.
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Funding
Total Funding
$92.5M
Meets
Industry Average
Funded Over
6 Rounds
Benefits
Remote Work Options
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -3%Acast, the world's largest podcast company, has announced the appointment of Martijn Gerrits as sales director for the Netherlands.
Podcast company Acast has purchased New York-based creative podcast studio Wonder Media Network for a total value of $7.8mn.
Acast acquires New York-based Wonder Media Network, forming Acast Creative Studios to handle campaigns from concept to delivery. The acquisition enhances Acast's U.S. operations by adding an experienced podcast production team. Acast pays $5.5 million (approx. 60 million SEK) in cash, with potential additional shares worth about 25 million SEK. Wonder Media Network, founded by Jenny Kaplan and Shira Atkins, aligns with Acast's mission to spread impactful stories globally.
Acast partners with Barometer to launch ai-powered brand safety tools for podcast advertising.
Acast, the world's largest independent podcast company, has partnered with EuroMillions from The National Lottery to find out what celebrities would spend their hypothetical winnings on, creating a captivating new podcast series titled Rich Beyond My Wildest Dreams.
There are no jobs for Acast right now.
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About Acast
Industries
Consumer Software
Entertainment
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$92.5M
Headquarters
Stockholms kommun, Sweden
Founded
2013
There are no jobs for Acast right now.
Find jobs on Simplify and start your career today