French digital audio streaming startup Majelan has recently secured an investment of €4 million round led by Idinvest Partners, with participation from Jacques Veyrat from Impala, Xavier Niel and Fabrice Larue. With the funds, the startup aims to be the key player in the podcast arena.
Majelan – Netflix of podcasts
Podcasts are gaining popularity with each passing day. There over 550,000 podcasts are now active in more than 100 languages, while 18.5 million episodes are available online. Majelan aspires to grab this opportunity and is working hard to be the market leader in the digital audio streaming space. The startup is matching its new platform with Netflix – an industry stalwart in video streaming.