Gimlet raises another $5 million, bringing it to $20 million this summer - Technical.ly Brooklyn

Business

Sep. 8, 2017 11:27 am

Gimlet raises another $5 million, bringing it to $20 million this summer

The podcasting company will go about filling out its new Downtown Brooklyn office with new employees.

Alex Blumberg, cofounder and CEO of Gimlet Media.

(Image via BRIC TV)

Squarespace and Blue Apron must be really converting.

Ad giant WPP announced this week that it has invested $5 million in everyone’s favorite podcasting network, Gimlet Media. The investment comes in addition to the $15 million Gimlet raised just last month.

WPP is a massive marketing and advertising conglomerate that owns several well known brands, including Ogilvy & Mather, Young & Rubicam and Burston-Marsteller. In 2016 it had $19.4 billion in global revenue.

In August, Gimlet said it would be focusing on developing new content and expanding the ways the make money, including into “feature films, TV, literature, and more.” The company said that the company’s “first podcast, StartUp, is being adapted by ABC into a single-camera sitcom, Alex, Inc. premiering in 2018, starring Zach Braff.”

Currently the company has 85 employees and its podcasts are downloaded more than 12 million times per month, according to WPP.

Organizations: Gimlet Media
-30-
LEAVE A COMMENT

Advertisement

With $1.5M funding round, Agrilyst will turn to Chinese indoor farming market

Funding news about Voltaiq

Brooklyn’s Call9 wants to spend $24 million to keep people out of the hospital

SPONSORED

Brooklyn

Explore how diverse teams build dynamic products with Dev Bootcamp

Philadelphia

Think Company

Web Developer

Apply Now
Philadelphia

160over90

Full Stack Web Developer

Apply Now
New York

Weedit.Photos

Fashion photo editing job

Apply Now

An ice cream shop just raised $8 million in venture capital money. Why?

Brooklyn venture funding at lowest levels since we’ve been measuring

Notation Capital invests in modern labor platform Clora

SPONSORED

Brooklyn

Learn from these Brooklyn founders in our Tomorrow Toolkit ebook

WASHINGTON, DC

Nava

Research Lead (DC, SF, NYC)

Apply Now
WASHINGTON, DC

Nava

Designer / Researcher (DC, SF, NYC)

Apply Now
WASHINGTON, DC

Nava

Designer / Frontend Engineer (DC, SF, NYC)

Apply Now

Sign-up for regular updates from Technical.ly

Do NOT follow this link or you will be banned from the site!