ⓘ Featured image: Stefano Fallaha, Founder & CEO of Podeo; Credits: Supplied
Lebanon-based podcast platform, Podeo, on Sunday, announced that the company has raised an undisclosed amount of seed funding, led by Razor Capital with participation from Globivest VC and strategic investors holding senior positions in various media and tech companies.
Podeo aims to move closer towards its mission of making podcast consumption accessible to all Arabic speakers. The capital will be used to widen the platform’s accessibility to its Arabic listeners.
Founded in 2019 by Stefano Fallaha, Podeo’s technology provides a localized experience for listening to Arabic and English audio podcasts through mobile apps. Podeo claims that it owns the largest audio podcast catalog in the Arab world, featuring hundreds of exclusive shows and famous names in the Middle East media and entertainment industry.
Stefano Fallaha, Founder & CEO of Podeo, said,
“The funds will be deployed to strengthen Podeo’s leading position in the Arab podcast industry, and double down on the growth already achieved,”
Ramzi Farah, Managing Partner of Razor Capital, shared,
“What instantly caught our attention was the team’s ability to place Podeo in a prime position to move the audio industry forward with new technologies and a clear content strategy. We are excited to work alongside Stefano and the team as they continue to promote podcasts throughout the Arab world”