Podcasts are perfect for social distancing, and a fast-growing podcasting firm from Lakewood simply landed a $500,000 funding to assist its continued enlargement.
Evergreen Podcasts on Wednesday, Might 6, announced that Lake Impact Radio has dedicated to the half-million-dollar funding within the firm. The brand new cash from Lake Impact Radio, a syndicated web streaming channel, shall be invested in working capital, advertising, improved internet hosting and distribution platforms, and new podcast present manufacturing, Evergreen Podcasts stated in a news release.
Joan Andrews, principal of Lake Impact Radio, stated in a press release, “In these unsure occasions, I am sure that podcasting has an even bigger future than ever. With this funding, I would like not solely to assist this nice firm thrive however to maintain hundreds of thousands of individuals everywhere in the world enriched and entertained with this nice programming.”
Michael DeAloia, CEO of Evergreen Podcasts, added in a press release, “This new funding spherical comes at an important time. In a interval of financial uncertainty for many corporations, Evergreen continues to see development in its branded podcast and accomplice podcast traces of enterprise. As corporations are pressured to maneuver distant, extra companies are in search of alternate technique of communication. Podcasting is positioned for huge development on this work-from-home financial system.”
Evergreen was based in January 2017. In its first yr of operation, it launched 4 podcasts with almost 18,000 podcast downloads. By the top of 2019, Evergreen stated in its launch, it had added 20 podcasts and had greater than 1 million downloads. The corporate says it now has 34 podcasts which have been downloaded in additional than 180 international locations.
Evergreen says it has 14 full-time workers members and works with 25 freelancers.