20 December 2019:
Podcast distribution and production platform Majelan has raised €6 million in fresh funding from Idinvest Partners fund and Bpifrance.
The company will use the fresh capital to boost its production of exclusive podcasts, and expand globally.
Mathieu Gallet, CEO, Majelan, said, “Podcasts are growing in popularity in France, with more than 4 million people in France listening each month, a 25% increase over last year. In the United States, where this market is more advanced, 73 million Americans already use podcasts every month.”
Majelan has launched its own audio content to compete with already well-established players such as Binge Audio and Louie Media.
Majelan was founded by Mathieu Gallet, former CEO of Radio France, and Arthur Perticoz in 2018. The platform pulls together thousands of podcasts from other platforms into one single interface, to improve the listening experience. Majelan is based on a ‘freemium’ model, with the premium offer including exclusive content accessible for €4.99 per month.
(Image – Majelan)