Paradiso Media, the international podcast studio, has raised an undisclosed amount in a Series A funding round with Swen Capital Partners, Alliance Entreprendre, and Bpifrance Investissement (Tech & Touch funds). The financial due diligence was carried out by 2CFinance.
Founded in 2019 by Lorenzo Benedetti, Louis Daboussy, and Benoit Dunaigre, Paradiso Media creates original fiction and documentary podcasts for France and the international market.
With this funding, Paradiso Media aims to strengthen its teams in Paris, Los Angeles, and London, continue its international expansion by creating new content in foreign languages, and develop audio-visual adaptations of its programs.
Swen Capital Partners is a French management company that specializes in socially responsible investment. Alliance Entreprendre is a French investment fund that focuses on the development of SMEs. Bpifrance Investissement is a French investment fund that supports business growth.
Paradiso Media's Series A funding round will help to further establish the company as a leader in the podcast industry. The new funds will enable the company to expand its reach and create innovative new content. With the continued growth of the podcast industry, this investment is likely to pay off in the long run.
Paradiso Media's Series A funding round is a significant milestone for the company. With the support of Swen Capital Partners, Alliance Entreprendre, and Bpifrance Investissement, the company is well-positioned to continue its growth and innovation in the podcast industry.