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Mill City Provides Short-Term Funding To Facilitate Merger Of Podcast Platforms

PRIVATEOct 18, 2022

Round Type

Funding Round

PittsburghInformation TechnologyFinancial ServicesAdvertisingFinanceLendingPodcast

Description

MINNEAPOLIS, MN / October 18, 2022 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today it has provided $2.225 million of short-term debt financing to Liberated Syndication Inc. ("Libsyn"), a leading "Podcasting As A Service" platform, to facilitate Libsyn's recently announced acquisition of German podcast company Julep Media GmbH ("Julep").

Company Information

Company

Libsyn

Location

5001 BAUM BLVD., SUITE #770

Pittsburgh, Pennsylvania, United States

About

Liberated Syndication (Libsyn) pioneered the system to host and publish podcasts in 2004. Since then we have grown into the leading all-in-one podcast hosting and advertising platform and have been providing publishers with hosting, distribution, podcast advertising and monetization services. We have worked with thousands of producers - from beginners to professionals - to easily help them establish their brand and unique show, build an audience, and make money through new media. We are the best because we work with the best. We look forward to doing the same with you.

Fundz sees it the moment Libsyn raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Predictive Intelligence
Strategic

ML-powered predictions for Libsyn's next move

See what Strategic adds

Libsyn raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.