Podcast start-up Kaleidoscope raises $3.5m in funding

 Podcast start-up Kaleidoscope raises $3.5m in funding

By Andrew Kersley

Podcast start-up Kaleidoscope has raised $3.5m for seed funding led by North Base Media.

Participating investors are The Raine Group, former MTV Networks CEO Tom Freston, former Cosmopolitan editor Joanna Coles, author and creator John Green, Nimble Ventures partner John Burbank, Moby Media Group CEO Saad Mohseni and TPG Capital’s Dirk Eller.

The channel has singed a six-show deal with iHeart, with four podcasts expected to arrive by this fall.

Source: Axios

Deal size: Unknown

Country: UK

Status: Official