Radio Podcast Firm Raises $10MOct 19th, 2006 | By James Lewin | Category: Audio Podcasting, Digital Music, Making Money with Podcasts, Podcasting Services
spodradio, a radio and podcast hub for mobiles, today announced $10 million of Series B funding from Benchmark Capital Europe and Baytech Venture Capital. The funds will be used to accelerate spodradio‚Äôs expansion into international markets and help develop new services.
spodradio enables the mobile phone to be used as a music device with “a total radio experience anywhere and anytime”, including live interactive radio, podcasts, personalized radio and on-demand radio services.
spodradio, developed by Liquid Air Lab, won the ‚ÄòBest of Show‚Äô award last month at the Podcast and Portable Media Expo in California and was awarded the German Multimedia Award (DMMA) for the ‚ÄòBest Mobile Application‚Äô earlier this year.
Mikko Linnam√§ki, CEO of spodradio, said: “We are thrilled that Benchmark, one of the top venture capital firms in the world, is joining Baytech as one of our investor partners. They have been the guys behind some of the best media and technology companies out there, and we are anxious to expand our footprint and offering with their support and with their network.‚Äù