# Lemonada Media

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lemonada-media

- Industry: Media
- Headquarters: Minneapolis, US
- Website: www.lemonadamedia.com
- Total disclosed funding: $9.5M
- Latest round: Series A (Nov 2, 2021)
- Investors on record: 7

## About

Based in Minnesota, US, and founded in 2019, Lemonada Media, Inc. operates as a developer of a podcast media platform. In January 2022, Lemonada Media, Inc. raised Series A funding led by new investors Bertelsmann Digital Media Investments, with participation from other new investors Greycroft Partners, Intuition Capital Limited, Madison Wells Media, Owl Capital, and Spring Point Partners. Returning investor Blue Collective also participated in the round. The Series A funding valued Lemonada Media at 30.02 million post-money. As of the deal date, the company has 41 employees. Additionally, the company was founded by CEO, Jessica Cordova Kramer (an early producer with Crooked Media) and Stephanie Wittels Wachs (an author, voice actress, and theater director).   

Lemonada offers independent, audio-first podcasts that present authentic first-person narratives. The company is the creator of the audio reality™ podcast genre and launched BEING Studio, and it has also created hit series including Gracie award-winners Last Day and Believe Her, Raised by Ricki with Ricki Lake and Kalen Allen, as well as Webby award-winners In the Bubble with Andy Slavitt, Add to Cart with Kulap Vilaysack & SuChin Pak and The Untold Story with Jay Ellis. Lemonada’s diverse roster of guests includes Dr. Anthony Fauci, Tina Fey, Stacey Abrams, Kristen Bell, Elizabeth Warren, Sarah Silverman, Mark Cuban, Kara Swisher, Issa Rae, Florence Welch, and John Legend. 

The company plans to use the 2022 funding to grow the podcast slate and expand its team, brand and organizational partnerships, and creator community.

## Funding rounds

- Series A, Nov 2, 2021, $8M — Greycroft, Bertelsmann Digital Media Investments, Madison Wells Media, Blue Collective, Owl Capital, Spring Point Partners, Intuition Capital Limited
- Seed, Jun 11, 2020, $1.5M — Blue Collective

## Investors

- Blue Collective (https://capitalatlas.ai/funds/blue-collective) — Seed, Series A
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series A
- Bertelsmann Digital Media Investments (https://capitalatlas.ai/funds/bertelsmann-digital-media-investments) — Series A
- Madison Wells Media — Series A
- Owl Capital (https://capitalatlas.ai/funds/owl-capital) — Series A
- Spring Point Partners — Series A
- Intuition Capital Limited — Series A