Podcast Media Company Audio Up Raises Nearly $10 Million in Series C Funding

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Podcast and music media company Audio Up, founded and led by music production pioneer Jared Gutstadt, announced the initial closing of its Series C funding round of that was just shy of $10 million…

, announced the initial closing of its Series C funding round of that was just shy of $10 million.

“We have achieved an incredible amount in a very short time frame,” Audio Up’s Gutstadt said in a prepared statement. “Having our business organized around a small group of elite media companies and entertainment luminaries allows us to grow in a way few can match.” Audio Up also will use the funding for intellectual-property acquisitions to grow its content slate, which has generated more than 40 million podcast downloads and nearly 100 million music streams across 30-plus podcasts released in the past two years alone. The company recently announced a deal with Harlequin to produce podcast adaptations based on 52 books from the romance publisher’s catalog.

 

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