UAE-based podcast platform Podeo has raised $5.4 million in a Series A round. The funding was led by Oraseya Capital, with additional investors such as Ibtikar Fund, Cedar Mundi Ventures, Samarium, iSME, and Razor Capital. Founded in 2020 by Stefano Fallaha, Anthony Essaye, and Mario Hayek, Podeo helps podcast creators distribute and monetize their content more effectively.
Expanding into Emerging Markets
Podeo will expand into emerging markets, including Latin America, Eastern Europe, and Southeast Asia. As podcasting grows rapidly, discoverability has become a major challenge for creators. To address this, they offer innovative distribution beyond traditional apps. For instance, its platform integrates with radio stations, airlines, ride-hailing services, and messaging apps.
An All-in-One Solution
they provide a comprehensive platform for podcast creators. It simplifies the process from content creation to monetization. Currently, Podeo supports more than 100,000 creators and connects them to a global audience of over 50 million listeners. This unique model helps creators reach wider audiences while also optimizing their ad revenue.
Driving Podcast Growth in MENA
In the MENA region, it has transformed the podcast landscape. In just two years, it increased podcast availability by 50X. As a result, creators have seen monthly audience growth rise by an average of 166%. The platform’s tools for monetization and audience engagement have made it a popular choice. For instance, Mo Islam, host of The Mo Show, credits Podeo for boosting his podcast’s visibility and growth.
Future Plans and Vision
With the new funding, Podeo plans to enhance its AI capabilities and improve its tools for creators. Stefano Fallaha, CEO of Podeo, expressed excitement about the company’s future. He stated, “We aim to empower creators to become global audio stars.” This investment will help Podeo expand quickly across emerging markets, ensuring diverse voices are heard worldwide.
Why Podeo is Unique
Podeo stands out for solving podcast discoverability problems. By offering a wider distribution network and effective monetization tools, changing the way podcasts reach audiences. As podcasting continues to grow, they are positioned to be a leader in the industry, helping creators succeed on a global scale.