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Media Deals

Podcast startup Kaleidoscope has raised $3.5 million in convertible notes for seed funding led by North Base Media, the co-founders tell Axios.

Why it matters: As podcasts grow in popularity, creators and investors see potential in building out more genres and creating new intellectual property.

"All the genres that we love in books and movies haven't been explored fully. ... Everything from romance to heist to Westerns to all these beautiful genres and adventure stories can be told in the space," says co-founder Mangesh Hattikudur.

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Kaleidoscope raises funding to create a podcast portfolio

The startup wants to retain ownership for the podcasts to grow them into bigger brands.

Illustration of a microphone on top of a stack of dollars.

Media deals

Media

Podcast startup Kaleidoscope has raised $3.5 million in convertible notes for seed funding led by North Base Media, the co-founders tell Axios.Why it matters: As podcasts grow in popularity, creators and investors see potential in building out more genres and creating new intellectual property.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.