24 December 2019:

Audio live streaming platform Spoon has raised $40 million in Series B round of funding. The funding round was led by KB Investment. IMM Investment, SBI Investment, and a strategic investment from Naver also participated in the funding round.

Wonjin Lim, Managing Director at KB Investment, has joined the company’s board of directors.

The company will use the fresh capital to move into even more new markets.

Neil Choi, CEO and Founder, Spoon, said, “Spoon has been so successful because it introduced an innovative business model that social media desperately needs while still establishing real, human connections. We have proven that our model works at a global scale, across many disparate markets, and look forward to significantly growing our community in the U.S. and other English-speaking markets as well as continuing to dominate in Japan and Korea.”

As part of Spoon’s global expansion effort, Spoon recently hired Fernando Pizarro as Vice President, North America. Fernando Pizarro will open Spoon’s U.S. offices in San Francisco in the first quarter of 2020.

The Spoon app is available in both the iOS and Google Play stores in the U.S.

(Source – Spoon)

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