In the world of streaming media, video and music seem to get all the attention these days. But podcasting may be one of the fastest-moving categories in the streaming space. To capitalize on this momentum, podcast startups are devising innovative new features that facilitate a better listening experience.
Follow 蹤獲弝け News on &
is one such podcast app maker. It���s a cross-platform podcast application is available iOS, Android, and Amazon Alexa, and the web. The app differentiates itself from the competition by offering in-audio search functionality, curated recommendations, and an expanding lineup of original content the company calls CastBox Originals.
Today, CastBox announced that it has closed a $13.5 million Series B round led by , with participation from prior investors including , , and . According to 蹤獲弝け data, the company has raised $16.1 million in equity funding , and this new capital will bring CastBox���s total capital raised up to $29.6 million.
A statement from the company said the new capital will be used to further develop its proprietary technologies. This includes the aforementioned in-audio search functionality, which transcribes and indexes spoken-word audio content so users can search for keywords and topics within the audio itself.
���Podcasting is still in its early stages but it���s growing at an incredible pace,��� said Renee Wang, the founder and CEO of CastBox, in a statement. ���This new injection of capital will allow us to continue iterating on our product across all platforms���from mobile to auto to smart homes���while delighting our listeners with fresh new content from CastBox Originals.���
CastBox launched its first original series last month. In partnership with IndyCar, the auto racing sanctioning body for Indy car racing, the podcasting company launched ���,��� a show featuring Indy car drivers James Hinchcliffe and Alexander Rossi. The company also launched ���Heard Well Now,��� a show produced in collaboration with influencer music label Heard Well. All of CastBox���s original programming is available through the CastBox app and distributed through other podcast-streaming platforms like Apple Podcasts, Spotify, and Overcast.
A spokesperson said that the company is aware that podcast content and audiences skews male, so the company plans to launch a series of shows hosted by women ���to get more women excited about podcasting.���
Podcasting is in its third or fourth wave. But this time, the medium���s time in the sun is backed by better-produced shows and better listening technology, all aided by the same cord-cutting trends that were around the last time longform digital audio was big. Perhaps this time podcasting won���t go back underground after all.
Stay up to date with recent funding rounds, acquisitions, and more with the 蹤獲弝け Daily.


67.1K Followers