Swedish podcast company Acast is positioning itself to tap into the growing smart speaker market after securing $35m from Nordic investors. last funding round just 15 months ago and drawing the firm closer to an eventual stock market listing. The new company, which will be based in Stockholm, has already raised a total of $32m, including an undisclosed amount from Nordic investor Nordea and other investors such as Sweden’s largest bank, SEB. The latest investment takes Acast's value to $190m, ahead of an anticipated stock market listing.
Swedish podcast company Acast is positioning itself to tap into the growing smart speaker market after securing $35m from Nordic investors. The new company, which will be based in Stockholm, has already raised a total of $32m, including an undisclosed amount from Nordic investor Nordea and other investors such as Sweden’s largest bank, SEB. The latest investment takes Acast's value to $190m, ahead of an anticipated stock market listing.