Blue Wire (a media production and distribution company that allows independent podcasters to monetize their content) announced it has landed a growth funding package from Decathlon Capital Partners to support its expansion.
Blue Wire will use the funding to support its platform growth, add new content offerings, and build a technology dashboard for podcasters based in Los Angeles, California. The details of the revenue-based investment package were not disclosed.
With over 300 podcasts and 11 million monthly downloads in its network, Blue Wire is building a sports media powerhouse that enables fans to skip traditional media offerings and head to podcasts to learn more about their favorite teams or sports.
KEY QUOTES:
“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.”
– Joseph R. Saviano, Blue Wire CFO
“Consumption habits are shifting and we’ve been able to consistently identify new voices in sports who resonate with their audiences,” said Jones. “Podcasting continues to disrupt traditional media and we look forward to partnering with Decathlon to fuel our ambitions.”
- Kevin Jones, Chief Executive Officer and Founder of Blue Wire
“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.”
- Joseph R. Saviano, Chief Financial Officer of Blue Wire – who said that the company has successfully transitioned its business to profitability, which enabled the company to raise non-dilutive capital without giving up any control of the company
“Blue Wire is bringing something new to the podcasting world, and Decathlon is proud to support what is sure to be tremendous growth.”
- John Borchers, Managing Director of Decathlon Capital Partners
