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Illustration: Aïda Amer/Axios

Callin, a San Francisco-based social podcasting app, raised $12 million in Series A funding co-led by Sequoia Capital, Goldcrest Capital and Craft Ventures (which incubated the company).

Why it matters: This could be the holy grail of podcast production; a single software stack for recording, editing, transcription and distribution. Plus an added twist of live audience participation (i.e., Clubhouse, but with a long tail). Key will be achieving high quality audio, which can be hard to do via mobile apps (just ask Anchor FM, now owned by Spotify).

Listen up: Last night Axios interviewed David Sacks of Craft Ventures, who co-founded Callin and is serving as its executive chairman. The conversation will be available soon on the app, which this morning came out of beta (update: here it is).

The bottom line, via Axios' Sara Fischer: "In the end, standalone podcast apps almost always get bought by bigger music subscription apps as added value."

Go deeper

Dan Primack, author of Pro Rata
Sep 8, 2021 - Economy & Business

PayPal to acquire Japanese "buy now, pay later" firm Paidy for $2.7 billion

PayPal (Nasdaq: PYPL) agreed to acquire Paidy, a Japanese installment payments enabler, for around $2.7 billion.

Why it matters: This sets up a global consolidation spree in the "buy-now, pay-later space," following Square's agreement last month to buy Afterpay for $29 billion.

3 hours ago - Health

Biden administration to lift travel ban for fully vaccinated international travelers

Photo: Win McNamee/Getty Images

White House COVID-19 response coordinator Jeff Zients announced on Monday that the Biden administration will allow fully vaccinated travelers from around the world to enter the U.S. beginning in November.

Why it matters: The announcement comes as President Biden seeks commitments from countries to donate vaccines to the global COVAX initiative. He is expected to host a COVID summit on the sidelines of the UN General Assembly this week, and many of the countries attending have expressed frustration with the travel ban.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

Gen Z breaks into VC

Illustration: Aïda Amer/Axios

When Meagan Loyst joined VC firm Lerer Hippeau, less than two years out of Boston College, she was still living with her parents. She had virtually no online brand presence, and the pandemic made it impossible to build a professional network via in-person meetings.

Why it matters: Loyst wasn't alone. Venture firms have accelerated hiring in line with record deal activity, often seeking younger investors who can spot trends that fly below the radar (or intrinsic understanding) of older partners.