Podcasting startup Podeo gets $5.4M to go beyond the Arab world

Dubai's Podeo raises $5.4M to expand globally, focusing on emerging markets and leveraging authentic storytelling through decentralized podcast distribution.

: Podeo, a Dubai-based podcast platform, secured $5.4M in Series A funding to expand into global markets. Initially started in 2015 as Fallound, the startup gained significant traction after the Beirut explosion in 2020. The company now supports over 100,000 creators and offers complete production tools and ad-tech solutions. Podeo is eliminating creator subscription fees and plans to monetize through ads and additional revenue models.

Podeo, a podcast distribution platform based in Dubai, has raised $5.4 million in Series A funding. Led by Oraseya Capital, other participants included Ibtikar Fund, Cedar Mundi Ventures, Samarium, iSME, and Razor Capital, aiming to expand into Latin America, Eastern Europe, and Southeast Asia.

Founded by Stefano Fallaha, Podeo initially struggled in the MENA region but gained traction after the 2020 Beirut explosion. This was a pivotal moment, transforming it into a platform for authentic storytelling and connection, further solidified by Anthony Essaye and Mario Hayek joining as co-founders.

Podeo has grown significantly, now being a host for over 100,000 creators. It offers an array of production tools and ad-tech solutions, relying on advertising rather than subscription fees to generate revenue, promoting a decentralized approach to reach audiences where they already consume audio content.

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