Pocket FM Raises US$16M in Debt Funding

Pocket FM, a Lewes, DE-based provider of an audio series platform, raised US$16M in Debt funding. The company intends to use the funds to strengthen its audio series library, expand its creator community by attracting creative minds globally, and accelerate its revenue. Founded in 2018 and led by CEO Rohan Nayak, Pocket FM is an audio OTT platform embedding the storytelling elements with a layer of content personalisation that resulted in the emergence of “binge listening” as a consumption habit. Founded in 2018, the company has raised US$93.5M until Series C. With this new debt round, the total capital infusion has increased to US$109.5M.