Italian Angels for Growth exits its investment in Voxnest, a leading podcast monetization platform, through its acquisition by iHeartMedia.

Target Information

Italian Angels for Growth (IAG), the largest group of business angels in Italy, has successfully exited its investment in Spreaker (Voxnest), a leading scale-up in the podcast advertising monetization sector. Voxnest, headquartered in New York, specializes in solutions for analytics, programmatic audio integration, and ad serving.

Founded in 2018 following the merger of Spreaker and BlogTalkRadio, Voxnest is poised for further growth with its recent acquisition by iHeartMedia. As one of the largest players in the American podcast market, iHeartMedia's acquisition will enhance Voxnest’s capabilities by providing an additional, scalable targeted inventory.

Industry Overview

The podcast industry has experienced exponential growth, particularly in the United States, where it has become a significant medium for advertising. With