Podcast network Acast launched in the U.S. this week, bringing the Swedish company’s hosting and monetization services to a new market. Acast currently has 24 million streams and downloads per month, and it was a first company to foray into programmatic ad buys for podcasts thanks to a partnership with Triton Digital.
This spring, Acast raised $5 million from Swedish investment firm Bonnier Growth Media. CEO Mans Ulvestam said Acast will be looking for another cash influx next year following on the U.S. launch. “We’ve had no trouble finding money in Europe, but in talking with the U.S. investors they are definitely dealing with larger sums,” he said.