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Anchor raises $10 million for podcast platform

1 / 4 of Americans concentrate to podcasts every month, however a ways fewer lead them to.

Anchor is a startup this is taking a look to modify that with its app that makes it simple to document and distribute content material. Anchor additionally has a discovery platform, which permits customers to seek out audio throughout classes like information, sports activities, track and tech.

The New York-based group is saying $10 million in Series A investment, led by way of GV (Google Ventures), bringing its overall raised to about $15 million. Accel, The Chernin Group, Eniac Ventures, Homebrew, Atlantic Records CEO Craig Kallman and others are collaborating.

“We constructed the product to be one of the simplest ways to create, percentage, and engage with audio,” stated Anchor CEO and co-founder Michael Mignano. “We’re seeing increasingly common other folks wish to bounce in and get started growing audio.”

It’s no longer only a document button, Anchor additionally lets in for customers to make calls at once by way of the app, facilitating a podcast dialog with a couple of events. It additionally allows listeners to dial-in and take part.

Anchor additionally has the rights to track tracks thru partnerships with Apple Music and Spotify. And it’s no longer simply the Anchor platform, the whole lot may also be posted on Apple podcasts, Google Play and gadgets like Alexa.

“Audio is having a moment,” stated GV common spouse M.G. Siegler, about why he invested. “We’ve seen this with the rise of Amazon Echo, Google Home and Apple AirPods. Anchor is one of the companies in prime position to take advantage of all of this and move the audio space forward, in particular when it comes to interaction and production.”

Brian O’Malley, spouse at Accel stated that “the Anchor team is leveraging new technologies, like speech-to-text, to build a unique experience for people to collect thoughts and share them.  We’re excited to deepen our relationship and continue to help them revolutionize this category.”

But Anchor remains to be some time clear of turning into a full-fledged industry. It’s no longer producing earnings, but. Mignano says that Anchor is operating on a plan that may permit each the startup and its creators to earn cash from the content material.

So a ways, Anchor has basically received customers thru word-of-mouth since its release closing yr. The new investment will lend a hand it additional enlarge its group and get the observe out.



Featured Image: Anchor

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