# Anchor FM

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/anchor-fm

- Industry: Internet
- Headquarters: New York, US
- Website: www.anchor.fm
- Total disclosed funding: $12M
- Latest round: Series A (Sep 15, 2017)
- Investors on record: 10

## About

Anchor FM Inc. is a platform that empowers creators to manage, distribute, and monetize their audio and video podcasts effectively, harnessing tools that simplify audience engagement and analytics.Founded in 2015, Anchor FM Inc. operates from New York, US, focusing on providing a comprehensive podcasting platform. The company was acquired by Spotify AB in February 2019 for USD 140 mn. Founders include Adi Varsano, Alec Raebel, Cesar V, and others, who have a background in digital content and technology.Anchor FM Inc. offers Spotify for Creators, a suite of tools to enhance audio and video podcasting. This platform allows creators to upload episodes, manage listener interactions, and analyze audience engagement effectively, catering specifically to the needs of podcasters. The service includes features for monetization, customization, and audience engagement, making it accessible globally across North America, Europe, and parts of Asia.The revenue model for Spotify for Creators is primarily based on subscription services and partnerships that facilitate financial exchanges between creators and the platform. Creators can earn income through the Spotify Partner Program, maximizing earnings through audience engagement and ad placements. Revenue-sharing arrangements are in place, enabling creators to benefit from their content while Spotify retains a portion of the income generated.Following the most recent funding round on February 6, 2024, Anchor FM Inc. aims to enhance Spotify's podcasting capabilities and expand its portfolio via further acquisitions. This funding will drive product enhancements and geographic expansion into emerging markets. The company's strategy includes launching new features aimed at supporting creators in growing their audiences and maximizing monetization opportunities.

## Funding rounds

- Series A, Sep 15, 2017, $10M — Accel, GV, Betaworks Ventures Management, TCG, Eniac Ventures, Homebrew
- Seed, Feb 9, 2016, $1.6M — Betaworks Ventures Management, SV Angel, Tuesday Capital, Eniac Ventures, Acequia Capital, Homebrew, Quire

## Investors

- Betaworks Ventures Management (https://capitalatlas.ai/funds/betaworks-ventures-management) — Seed, Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Seed
- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Seed, Series A
- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Seed
- Homebrew (https://capitalatlas.ai/funds/homebrew) — Seed, Series A
- Quire — Seed
- Accel (https://capitalatlas.ai/funds/accel) — Series A
- GV (https://capitalatlas.ai/funds/gv) — Series A
- TCG (https://capitalatlas.ai/funds/tcg) — Series A