Untitled design

According to VenturesBurn, iono.fm, a South African podcast and audio streaming services has just received $175,000 (R2.5 million) in a funding round led by Clifftop Colony.

Iono.fm is a South African platform that hosts podcasts for individuals and large radio stations. The platform offers radio streaming services and also fields advertisements on the podcasts hosted on the site.  Some of their clients include TechCentral, BBC, Deutsche Welle and TED as clients.

Regarding the investment, the founder of iono.fm, Ryan Dingley said, “With a local and international presence of the Angels and Clifftop Colony itself, the consortium of investors are ideal partners for us as we continue to scale our business both domestically and globally.”

Clifftop Colony is a corporate finance, investment advisory and operational financial management firm focused on growth companies in sub-Saharan Africa. The company’s headquarters is in Cape Town, and they have representatives in the United States, the United Kingdom and Switzerland.

Speaking about the investment, CEO of Clifftop Colony, Oliver Drews said, “We have tracked iono.fm’s progress over the past four years and are deeply impressed with the team’s resilience, commitment and the world-class technology they have built. We look forward to the partnership with Ryan and his team and hope that we can contribute to building this business in the years to come.”

The funding received from the investors will go towards strengthening the platform’s domestic operations and further investment in its streaming services.

More From TC
A lot is happening at Flutterwave right now
15th October 2018

Series A extension funding. Legendary payments icon joins the board. And the departure of its celebrity CEO.

Solar Saves Lives: One Hospital’s Story
people, startups
21st September 2018

Nigerian businesses including hospitals critically need power to survive and for some, to save lives. Renewable energy (especially off-grid) presents a strong proposition to address the power challenges.

830 Pregnant Women Die Daily, How Can Tech Help?
Funding, people, startups
21st September 2018

The top 20 countries in the world with the highest maternal mortality rates are in Africa making PPH as a factor in maternal mortality is a very serious problem that requires urgent attention.

Opinion: Why Nigeria’s Tech Ecosystem Shouldn’t Be Built Exclusively With Foreign Capital
Funding, people, startups
21st September 2018

El Dorado will be a tech ecosystem built by international and local investors in a sustainable manner creating win-win scenario for all parties alike.

TechCabal is a Big Cabal Media brand

Copyright © 2018
All rights reserved

Privacy & Terms