# Dipsea

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

- Industry: Media
- Headquarters: San Francisco, US
- Website: www.dipseastories.com
- Total disclosed funding: $14M
- Latest round: Series A (Apr 15, 2021)
- Investors on record: 4

## About

Dipsea Inc. is a U.S.-based company that specializes in producing immersive audio content, focusing on contemporary romantic narratives that engage listeners with diverse and steamy storylines.Founded in 2018 in San Francisco, US, Dipsea Inc. creates and distributes audiobooks centered on romantic themes. The company has raised a total of USD 8.22 mn through its Series A funding round, backed by investors including Amboy Street Ventures and Springbank Collective. The most recent funding round occurred on September 26, 2024, and the current company valuation stands at USD 39.83 mn. The founders of Dipsea are Faye Keegan and Gina Gutierrez, who also serve as co-CEOs.Dipsea specializes in producing and distributing a range of spicy audiobooks and audio content that centers around immersive romantic narratives. The company's core offerings include contemporary romance audiobooks that feature diverse characters and steamy storylines, crafted by professional writers and narrated by skilled voice actors. Their content is designed to engage listeners by exploring various themes such as forbidden love, queer romance, and fantasy elements, catering to audiences who appreciate nuanced storytelling from a female perspective. Dipsea's products are primarily delivered through their mobile app, available in global markets including the United States, Canada, the United Kingdom, and Australia, where they reach a client base of individuals seeking romantic audio experiences. The company's innovative approach to audio storytelling not only entertains but also addresses the growing demand for inclusive and diverse narratives in the audio format.Dipsea generates revenue through subscription models that grant users access to its extensive library of audiobooks and audio experiences. Clients typically engage with the platform on a monthly or annual subscription basis, allowing them to explore a wide array of narratives without purchasing individual titles. Transactions are structured directly between Dipsea and consumers, making it a direct-to-consumer business model. The app features flagship titles such as "The Ticket" and "Hometown," which exemplify the company’s commitment to producing high-quality content that resonates with its audience. By offering a seamless listening experience, Dipsea effectively cultivates a loyal customer base, contributing to its revenue stream through consistent subscriber growth and engagement.Dipsea plans to leverage its recent funding to enhance its audiobook library and expand its reach into additional international markets. The upcoming launch of new titles is anticipated to attract a broader audience, with specific focus on markets in Europe and Asia expected by the end of 2025. This strategy aims to capitalize on the growing demand for romantic audio content globally. The acquisition by RevenueCat, Inc. in September 2024 will further support these initiatives, although financial terms have not been disclosed.

## Funding rounds

- Series A, Apr 15, 2021, $8.2M — Amboy Street Ventures, Springbank Collective
- Seed, Feb 26, 2019, $5.5M — Thrive Capital, Bedrock

## Investors

- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Seed
- Bedrock (https://capitalatlas.ai/funds/bedrock) — Seed
- Amboy Street Ventures (https://capitalatlas.ai/funds/amboy-street-ventures) — Series A
- Springbank Collective (https://capitalatlas.ai/funds/springbank-collective) — Series A