– Presidio Investors announced the sale of Podium Entertainment to Flexpoint Ford and Shamrock Capital, with GoldState Music joining as a minority investor. – Los Angeles-based Podium is an independent publisher representing more than 3,000 authors. – Podium is the third-largest audiobook publisher, growing its catalog from around 1,200 titles in 2019 to more than 15,000 today. – Presidio first invested in Podium in 2019, when it was an early-stage, founder-led audiobook publisher. – Over six years, Presidio partnered with CEO Scott Dickey and management to scale Podium’s data-driven IP acquisition platform. – Podium expanded its leadership in fantasy, romance and science fiction, while broadening beyond audiobooks into ebooks and print. – The company has 100+ employees and works with a production network of more than 1,500 narrators. – David Kaefer, a former Spotify executive, will join Podium’s Board of Directors. – Presidio Managing Partner Karl S. said the firm was proud of the company’s progress since its 2019 investment. – CEO Scott Dickey said the new partnership is intended to accelerate Podium’s capabilities for authors and storytellers.
Peterson Partners Raises $510 Million with NorthSands Capital for Kelso Industries Continuation Vehicle
– Los Angeles-based Podium is an independent publisher representing more than 3,000 authors.
– Podium is the third-largest audiobook publisher, growing its catalog from around 1,200 titles in 2019 to more than 15,000 today.
– Presidio first invested in Podium in 2019, when it was an early-stage, founder-led audiobook publisher.
– Over six years, Presidio partnered with CEO Scott Dickey and management to scale Podium’s data-driven IP acquisition platform.
– Podium expanded its leadership in fantasy, romance and science fiction, while broadening beyond audiobooks into ebooks and print.
– The company has 100+ employees and works with a production network of more than 1,500 narrators.
– David Kaefer, a former Spotify executive, will join Podium’s Board of Directors.
– Presidio Managing Partner Karl S. said the firm was proud of the company’s progress since its 2019 investment.
– CEO Scott Dickey said the new partnership is intended to accelerate Podium’s capabilities for authors and storytellers.