Get the latest Venture Capital & Angel investors news and info Join Our Mailing List:

Your Name: 

Your Email:  

*By submitting your name & email you agree to receive for FREE our scholarships & offers Newsletters. You agree also with the storage and handling of your data by this website and 3rd party email services.
You may unsubscribe if you wish. And you can delete your email and name at any time by emailing us to the email on the bottom of this page.

Follow us on
 
  • PodShow Receives $15M Series B Venture Funding

    October 4th, 2006 No comments

    PodShow, Inc., the digital media entertainment network whose properties include PodShow+, PodShow Podcast Network, PodShowPDN, Podcast Alley, Castblaster, the Podsafe Music Network and, most recently BTPodShow, recently announced that the company has raised a second round of venture funding from new and original investors, totaling $15 Million, led by DAG Ventures. This announcement comes on the heels of the BT PodShow press conference where the companies disclosed plans for a co-branded service for the UK and Ireland that goes beyond the Internet to include initiatives like BT Vision, a television-based home entertainment initiative.

    Lead Investor DAG Ventures Joins Original Investors Kleiner Perkins, Sequoia and Sherpalo.

     “PodShow is emerging as a new type of Media Company, driven by the passionate demand of a growing audience and the increasingly available treasure-trove of high-quality content created outside of the Hollywood system,” says Ron Bloom, CEO and co-founder of PodShow. “This new investment will help us more aggressively respond to the increasing demand of our global audience to find one place where they can create, consume and directly relate to the best in independently produced and mainstream media… and more importantly… to join the show!”

    As the company has grown, PodShow has moved deeper into producing its own content, offering access to a wider range of third-party audio, music and video, and providing a complete, single-click platform for the creation, discovery and sharing of killer content. At the same time the Company has been working to provide broader and more reliable distribution on the Internet while initiating plans to move its content into the home and across all mobile devices.

    “Analysts tend to think of podcasting as a vertical so that they can attempt to quantify trends and make predictions,” continued Bloom. “Audiences cannot be that simply quantified. PodShow is a media company that is bridging the gap between mainstream media and user-generated content, giving audiences great entertainment and a way to connect, share and contribute.”

    Receiving interest from multiple investment groups, PodShow closed this round of funding very quickly. Management selected DAG due to their familiarity with the sector, and unique investment approach.

    “We see PodShow as more than a podcasting company. They are tomorrow’s media company, providing the best in new entertainment, music and video on virtually any device, and building lasting and valuable relationships with their audiences.” says Tom Goodrich, Managing Director of DAG. “DAG recognizes PodShow’s proven ability to grow an aggregate audience of millions, attract top programming, develop new media properties and create strong partnerships with Madison Avenue brand marketers and leaders in infrastructure and distribution.”

Leave a reply

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 266,930 bad guys.

 

Latest Headlines:

Friday August 31, 2012
Zscaler Secures $38 Million Investment Round


Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.


Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects


Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding


Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies


Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains


Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster


Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility


 

By using this website you agree with our cookie policy