“Over the last 3+ years, Acast has grown to have more than 80 employees, offices on three continents, and more than 2000 shows on the platform reaching more than 56 million monthly listeners. All of this has been under the careful leadership and stewardship of Karl Rosander and Måns Ulvestam. On the heels of a successful series B fundraise that brought $19.5 million USD into the company, Karl and Mans are moving into new roles and transitioning day to day leadership of Acast. They will be joining the board of directors full time as senior strategy advisors and will focus on building out the global management team including new board members, preparing the company for an IPO, and continuing to build the Acast brand,” the company said in a statement to RAIN News. “Karl and Mans will continue to be heavily involved as board members and senior strategic advisors.”
The podcasting company was most recently valued at 1.1 billion Swedish kronor (~$131 million) and it would likely go for a listing of at least that amount. Last month, Acast secured a Series B investment of $19.5 million. The company saw 49.8 million Swedish kronor (nearly $6 million) in revenue and a loss of 52.5 million Swedish kronor (just over $6 million) last year.