In a press release it appears that the money will be used well for continued growth in Europe, and to break into the American market.
According to the site Breakit is recruiting in the US have already started and the same applies Acasts plans in an office in New York.
- Since we launched, investors on both sides of the Atlantic have shown interest but to take the next step in our development, we needed except an equity partner with sound industry. Bonnier Growth Media, supported by an international media group, meets our needs, just as we do theirs. They understand that we are a platform that redefines and renews podcast sector by involving producers, consumers and advertisers in a whole new way, says Måns Ulvestam to Breakit.
Acast, founded by Måns Ulvestam and Karl Rosander, stated that it currently has over 30 employees and one million unique users.
The venture capital firm Moor, who founded by Angry Birds profile Kaj Hed, has previously been involved and invested in Acast. Bonnier Growth Media will be a minority owner in the company.
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