I'm delighted to announce that we've raised a $7.7M Series A round bringing our total funding to $11.55M. With this new round of funding, we plan to continue making audio more discoverable and better for everyone while supporting a thriving and innovative ecosystem.
First, I'd like to thank our creators who leverage Sounder to tell their stories, entertain their audiences, and inform their communities all with the power of their voice. I'd also like to thank our investors—iHeartMedia, TechNexus, Xoogler Network, Abrahamson Group, Diverse Angels, Adventure Fund, Ulu Ventures, Newark Venture Partners, and other early angel investors—who believe in our mission and the opportunity ahead of us.
A massive thank you and congratulations to our team in the US, Serbia, and the Netherlands for making today's announcement a reality. Our team has poured tremendous energy into getting us to this stage. Their passion and dedication excite us most about what we can achieve in the years ahead. We are excited to be able to continue growing the team with all-star talent (check out our careers page).
There is a vast untapped opportunity for the audio and podcasting industries, encompassing everyone from independent creators to large media companies to audio platforms. Unfortunately, this progress lags in comparison to other media. There's been a technology void that, until now, had not been accessible by most in the audio industry. Machine learning, artificial intelligence, and natural language processing have yet to impact our industry the way they've advanced other forms of content and monetization platforms over the last decade.
Today's announcement shifts this dynamic.
When my co-founders, Dan Daugherty and Goran Krgovic, reached out to me in January of 2019, little did I know we'd onboard thousands of creators, generate tens of millions of streams, and build an amazing team of 26 (and growing) full-time Soundernauts. We launched the company on a set of beliefs written down on a napkin—yes, very cliche but that's what we did. These beliefs, plus a few new ones, continue to guide the work we do today.
We've developed many innovative products and features that creators and media publishers leverage today to unlock new revenue opportunities, drive content discovery, deepen audience engagement, and improve workflow inefficiencies. Creators can leverage our platform to tell meaningful stories and have conversations that their audiences enjoy. Media publishers and platforms leverage our Audio Data Cloud to unlock the untapped potential for their audio content.
Our acquisition of Podnods last year accelerates the development development and heightens the value of all of these products. Most importantly, we brought on Mercan Topkara as our CTO. She brings 20+ years of AI and ML experience to a team focused on making these tools widely available to every audio creator and publisher in the form of audio intelligence.
Not only does this investment help us advance our mission, but it also validates the fact that AI, ML, and NLP technology can accelerate the growth of the audio industry. This is a defining moment for Sounder, but more importantly, for all of us who wake up every day trying to help elevate audio to the same level as formats like video and text-based media.
With this round of funding, we plan to accelerate the development of how podcasts are monetized, discovered, and engaged.
If you're passionate about the creator economy and podcasting, we'd love for you to join us from wherever you do your best work. Our team is distributed worldwide.
When you join Sounder, you're part of something bigger. Our team is a group of curious, passionate, and strategic thinkers. And we love podcasts, too (obviously).
We're building a strong, diverse team of curious, creative people who want to find a purpose in their work and support each other in the process.
We are cautious optimists that see the good in everything, with a healthy disregard for the impossible.
We do the right thing even when nobody's watching.
We believe in transparency and honesty with ourselves and our community.
We seek to understand each other and help how we can.
We build the best products when we all are enjoying each other and the work.
That balance is important: It enables us to truly do the best work of our lives. As a result, we create a place where all kinds of work happens — and happens well.
Everything we do starts and ends with our audio creators. We believe an open eco system helps create a diverse, vibrant & safe community
Own the Future
We believe in everyone's own ability to pursue strategic bets that help define the future we believe in.
Have a Growth Mindset
Feedback allows us to improve as people. It also allows us to iterate on our products.
The power of the spoken word should be for all. We build products for every creator.
Data helps inform, not decide every decision we make.