Libsyn sells shares for 4.75M equity financing

Publicly traded podcast hosting, advertising, and technology company Libsyn has raised $4.75-million dollars in equity financing led by Camac Partners. Camac is a private investment firm that specializes in what it terms “fringe investing.” The company describes its investments as “long-term in nature” lasting “decades rather than months or years.”

The funding was accomplished through a stock sale: 1.27-million LSYN shares at $3.75 per share, the current price.

Libsyn used this announcement to disclose that its Advertisecast subsidiary earned $18-million in 2021, a gigantic leap from the $12-million revenue in 2020. Libsyn acquired Advertisecast in June of last year.


Brad Hill