Dash Radio digital radio broadcast platform raises $ 8.8 million
Dash Radio, a digital radio broadcast platform company, announced that it is now reaching more than 10 million listeners per month. And Dash Radio has secured $ 8.8 million in seed funding from Nimble Ventures, Slow Ventures, Lazerow Ventures, Muzik, Arab Angel, G Ventures and Lindzon Capital Partners. Some of the individual investors who participated in this round include Lava Records Founder Jason Flom, Orin Snyder, Ian Schaefer, CEO / Chairman of Warner Bros. Kevin Tsujihara and US Investments Alibaba Chairman Michael Zeisser.
Tsujihara, Zeisser and Passport Capital Founder and Chief Investment Officer John Burbank were also appointed to the company’s board of directors. And Some of the executives Dash Radio has also recently hired include Isaac Heyman as vice president of industrial relations and Clinton Sparks as vice president of business development.
“With this new funding and an all-star board of directors, Dash is now poised to aggressively expand its presence and pursue the next step in its growth journey,” said Scott Keeney, founder of Dash Radio, also. known as DJ Skee. âSince launch, Dash has focused on reinventing the live audio and radio experience from the ground up to disrupt the traditional radio market with a superior listener experience. Our team has done an incredible job creating a top notch product, and adding an incredible group of investors and a world class team, Dash will continue to grow rapidly and take advantage of the $ 45 billion radio market. dollars per year as it evolves from analog to digital.
Photo: Dash Radio / John Burbank, Scott Keeney, Kevin Tsujihara
Dash Radio currently offers over 400 shows on over 75 stations. Some of these programs are hosted by Lil Wayne, Ice Cube, Snoop Dogg, and Oscar De La Hoya. And Dash Radio also offers special seasonal pop-up stations such as the Michael Jackson Diamond Celebration pop-up which celebrated the pop singer’s 60th birthday. NFL Hall of Fame member Warren Sapp and rapper Too Short have also joined Dash Radio’s weekly lineup.
And Dash Radio is able to set itself apart from its competitors like iHeartRadio by taking a different approach to long advertising periods. According to TechCrunch, Dash Radio uses a business model that bypasses traditional insertion-based advertising models. One of the more interesting sponsorships that Dash Radio has put together is with Build-A-Bear, which has a branded children’s radio station on Dash. And Dash could introduce a premium plan in the future.