Acast gets £3m backing from Bonnier Media

 
Adam Hignett
INTERNATIONAL media investment firm Bonnier Growth Media announced it had chosen to invest in podcasting platform Acast today in order to fast-track its European growth and US launch plans.

The announcement comes as Acast confirmed it has closed its Series A funding round after raising over $5m (£3.2m) from Bonnier. Since its 2014 launch in Sweden and UK, Acast, led by tech entrepreneurs, Mans Ulvestam and Karl Rosander, has grown to 1m unique users with 12m streams per month, and hosts 50 per cent of the current British commercial market.