Hudson Valley Startup Fund Portfolio Company Simplecast Has Been Acquired by SiriusXM
For immediate release: June 17, 2020
Kingston, NY - Hudson Valley Startup Fund Portfolio Company Simplecast Has Been Acquired by SiriusXM.
Hudson Valley Startup Fund today announces the acquisition of Simplecast by SiriusXM. Simplecast’s tools and platform, paired with the award-winning monetization platform of AdsWizz, the adtech subsidiary of SiriusXM, creates an end-to-end solution that enables creators to publish and generate revenue from their podcasts all in one place.
"From the beginning, Simplecast's mantra and mission was to remain laser-focused on podcast creators - building the best tools for publishing and insights," said Brad Smith, the Founder & CEO of Simplecast. "The opportunity and alignment with AdsWizz allows our product – and our customers – access to a powerful monetization platform. Two best-in-class platforms are now able to align with the shared mission of helping publishers succeed, while each team continues to focus on their respective areas of expertise."
Johnny LeHane, a Managing Member of HVSF, added, “Our members were instantly impressed with the Simplecast management team and excited to invest in the early vision and planning in the Seed round. Some of our members also made sidecar investments along with the Fund. We followed our initial investment by investing in the Series A as they grew the platform and the company. We are very pleased with Simplecast’s acquisition and look forward to continuing to support other startups like Simplecast and the entrepreneurial ecosystem in the Hudson Valley region.”
Simplecast is a leading podcast management and analytics platform, powering podcasts from some of the world's most well-respected creators and brands — delivering nearly a billion audio requests last year. Featuring both the industry's preeminent analytics platform and dynamic audio toolset, MAE, (Moveable Audio Engine), Simplecast has more metrics and more unique insights than any other podcast technology company. Since 2013, the Simplecast suite of tools has made it effortless for podcasters of all sizes to distribute their podcasts anywhere people listen, and grow, understand, and better connect with their audiences. For more about Simplecast, please visit simplecast.com.
About Hudson Valley Startup Fund
HV Startup Fund is a member-managed seed capital fund that launched in 2016 to support high-growth companies in the HV. HVSF is comprised of 65 investors, most of whom are local business and community leaders who invest time and resources to support the region's entrepreneurial ecosystem. The fund provides seed funding, mentorship, and connections for local entrepreneurs, while delivering investment returns to its members. Hudson Valley entrepreneurs are encouraged to submit applications for investment consideration through the HV Startup Fund page on Gust. For more information, please contact Andrew Schulkind, firstname.lastname@example.org.
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