Todd Spangler NY Digital Editor Pocket FM, a fast-growing audio entertainment startup based in India, said it banked $103 million in Series D funding as it looks to boost its presence in the U.S.
and expand into Europe and Latin America. The round — which brings Pocket FM’s total funding to date to $196.5 million — was led by previous investor Lightspeed Ventures with participation from StepStone Group.
Other investors include Tencent, Times Internet, Tanglin Venture Partners, Goodwater Capital and Naver. The company said the new funding will strengthen its push into the U.S.
market and also support global expansion into Europe and LatAm markets in 2024. Launched in 2018, Pocket FM focuses on producing original and unique audio series across multiple genres including romance, horror, thriller and drama.
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