Spotify Buys Podz, a Podcast Discovery Tech Startup Whose Backers Included Katie Couric and Paris Hilton
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variety.comTodd Spangler NY Digital EditorSpotify has snapped up another player in the podcast space, announcing the acquisition of Podz, a startup that developed an auto-generated “audio newsfeed” for podcasts.Terms of the acquisition were not disclosed.New York-based Podz raised $2.5 million in seed funding led by venture-capital firm M13 along with Canaan Partners, Charge Ventures and Humbition, as well as investments from Katie Couric, Paris Hilton, and journalist Mara Schiavocampo.
As of February, Podz had 10 full-time employees.“We believe that Podz’s technology will complement and accelerate Spotify’s focused efforts to drive discovery, deliver listeners the right content at the right time, and accelerate growth of the category worldwide,”.
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