Pocket FM Announces Its Highest Fundraising Round of $103 Million

The audio entertainment platform’s valuation has nearly doubled in the most recent financing led by Lightspeed Ventures.

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Pocket FM, an audio entertainment platform, has raised $103 million in Series D fundraising led by Lightspeed Ventures and with participation from Stepstone Group

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TechCrunch has confidentially revealed that the firm has received $196 million in different rounds and is currently valued at $750 million.

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The company’s valuation has nearly doubled in the newest funding round, to around $750 million, up from $390 million when it raised $65 million in its Series C round in March 2022.

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Pocket FM intends to use the funds to grow its footprint in the United States, as well as to expand into Europe and Latin American markets

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Pocket FM expanded into the United States in 2022 and has already exceeded an annualized revenue run rate of $100 million.

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