Transaction overview
David McDonagh, Ciesco Partner, advises Audioboom, London-based podcast creation/hosting company, with a further fund raise of £4.5m.
The investment will allow Audioboom to consolidate its rapid revenue growth, focused on US and UK operations.
Rob Proctor, CEO, Audioboom
This fundraise will enable another step change in the Company’s on-going revenue growth story. It should also enable us to further increase margins in the future by accelerating the development of our own ad-server technology.