# Acast

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/acast

- Industry: Internet
- Headquarters: Stockholm, Sweden
- Website: www.acast.com
- Total disclosed funding: $7.8M
- Latest round: Series A (May 18, 2015)
- Investors on record: 2

## About

Acast AB is a technology company specializing in podcast hosting, distribution, and monetization, providing tools that empower podcasters to manage their content effectively and generate revenue through targeted advertising.Founded in 2013 by Axel Hellman, Eva Ekedahl, Karl Rosander, and Måns Ulvestam, Acast AB operates from its headquarters in Stockholm, Sweden. The company is focused on podcasting, having raised USD 244.00 mn in its IPO on June 17, 2021, following its strategy of enhancing its platform for podcasters and advertisers. Acast has completed a total of 10 deals to date.Acast offers a comprehensive suite of products and services for podcasters including an all-in-one content management system that supports editing, publishing, and tracking of podcasts. The platform enables monetization through premium advertising and allows podcasters to control ad placements and brand partnerships. With over 140,000 podcasts utilizing its services, Acast caters to a diverse clientele ranging from independent creators to media networks across North America, Europe, and Australia.In the most recent fiscal year 2022, Acast reported a revenue of USD 137.91 mn with an EBITDA of USD -29.26 mn. Since its inception, the company has shared USD 470 mn with podcasters through its advertising partnerships, reflecting a solid revenue model driven by podcast monetization.Acast plans to leverage the recent IPO funding of USD 244.00 mn to enhance its product offerings and expand into new markets. The company is focusing on launching new features aimed at improving user engagement and monetization strategies for podcasters. Additionally, Acast is targeting expansion into emerging podcast markets in Asia and South America by 2023, aligning its growth initiatives with the evolving podcast ecosystem.

## Funding rounds

- Series A, May 18, 2015, $5M — MOOR Holding, Bonnier Capital
- Seed, Feb 10, 2014, $2.8M — MOOR Holding

## Investors

- MOOR Holding (https://capitalatlas.ai/funds/moor-holding) — Seed, Series A
- Bonnier Capital (https://capitalatlas.ai/funds/bonnier-capital) — Series A