Lemonada Media, a Los Angeles, CA-based podcast network that presents humanity unfiltered, raised $8m in Series A (second-round) funding.
The round was led by BDMI, a wholly owned subsidiary of the global media, services and education company Bertelsmann, with participation from Madison Wells, Greycroft, Spring Point Partners LLC, Intuition Capital, and Owl Capital Group, as well as Wenda Millard, vice chair of MediaLink, and Stephanie Hannon, CTO for Hillary Clinton’s 2016 presidential campaign, as well as Blue Collective, Lemonada’s lead seed investor.
Founded in 2019 by Jessica Cordova Kramer and Stephanie Wittels Wachs. Lemonada is a podcast network which shares an unfiltered version of the human experience. The company is entering its third year of operation with a growing slate of 20 original podcasts, reaching millions of listeners per month.
In 2021, Lemonada tripled its revenue, added 10 new shows, designed and trademarked an audio reality studio (BEING Studios) led by reality TV veteran Kasey Barrett, and co-created original shows like Written Off with Jay Ellis’ Black Bar Mitzvah and Believe Her with publishing house Spiegel & Grau, which launched at the top of podcast charts. The network also has its eye on continued global expansion, after notching No. 1 shows in Europe with In Giro con Fra (Italy) and As Me with Sinéad (Ireland).
FinSMEs
27/01/2022