UAE-based podcast platform, Podeo, has closed a $5.4 million Series A Round led by Oraseya Capital, with participation from Ibtikar Fund, Cedar Mundi Ventures, Samarium, iSME, and returning investor Razor Capital.

Why it Matters? The podcast market is growing in the Arab world and expanding globally.

More to Know:

• Podeo was launched in Lebanon in 2020 by Stefano Fallaha, Anthony Essaye, and Mario Hayek.
• Podeo later moved its headquarters to the UAE.
• It provides a podcast distribution platform to help content creators.
• The investment will be used to expand its presence into Latin America, Eastern Europe and Southeast Asia.