Spoon, the audio live streaming app, has announced that it has raised $40 million in Series B funding to further accelerate the company’s global expansion. This latest funding round comes amid Spoon’s rapid growth across Asia, the Middle East, and the United States.
Launched in 2016, Spoon introduced the concept of interactive audio live streaming targeting Gen Z. With a unique business model based on real-time digital gifting to support its DJs, Spoon has demonstrated that its monetization strategy works in multiple markets, with all different types of audio content.
As part of Spoon’s global expansion effort, Spoon has hired Fernando Pizarro as VP, North America. A media and internet executive from Disney, Discovery Communications and Yahoo!, Fernando will open Spoon’s U.S. offices in San Francisco in Q1 2020.