Blue Wire Secures Growth Funding from Decathlon Capital Partners
Summary
LOS ANGELES, CA (PRWEB) FEBRUARY 20, 2024 Blue Wire, a media production and distribution company that allows independent podcasters to monetize their content, has landed a growth funding package from Decathlon Capital Partners to support its expansion.Headquartered in Los Angeles, California, Blue Wire will use the capital to support its platform growth, add new content offerings, and build a technology dashboard for podcasters. Podcasting continues to disrupt traditional media and we look forward to partnering with Decathlon to fuel our ambitions.Joseph R. Saviano, Chief Financial Officer of Blue Wire, said Blue Wire has successfully transitioned its business to profitability, which enabled the company to raise non-dilutive capital without giving up any control of the company. The flexibility of this funding allowed us to convert noteholders into equityholders and to expand our offerings, which demonstrates the many reasons we are excited to be working with Decathlon Capital Partners, Saviano says.John Borchers, Managing Director of Decathlon Capital Partners, said Blue Wires commitment to investing in emerging social media talents, while also helping established pro athletes build their podcast brands is what sets Blue Wire apart. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors.