Vatom Corporation announced that it expects to receive funding from iHeartMedia, Inc., Galaxy Digital LP, Raine Ventures LLC, GSV Acceleration, LLC, BAT VC LLC
February 14, 2024
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Vatom Corporation announced that it will receive a round of funding on February 15, 2024.
As of the same day, the company received its first tranche of $10 million led by new investor GSV AirCO, a fund managed by GSV Acceleration, LLC. The transaction included participation from new investors iHeartMedia, Inc., Galaxy Digital LP, Raine Ventures LLC, LLC and BAT VC LLC. The transaction was raised at a post-money valuation of $125 million. As a part of the transaction, Michael Moe of GSV Acceleration, LLC will join the company's board of directors.
iHeartMedia, Inc. is an audio company. The Company operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment includes the Company's broadcast radio, networks, sponsorships, and events businesses. The Digital Audio Group segment includes all of the Company's digital businesses, including podcasting, the iHeartRadio digital service, its digital advertising technology companies, its digital Websites, newsletters and digital services and programs; and its audio industry social media footprint. The Audio & Media Services Group segment provides other audio and media services, including the Company's media representation business, Katz Media Group, and RCS Sound Software, a provider of scheduling and broadcast software to the industry at large. Its iHeartRadio digital service, available across more than 250 platforms and thousands of devices, the Companyâs digital sites, newsletters, and others.
Vatom Corporation announced that it expects to receive funding from iHeartMedia, Inc., Galaxy Digital LP, Raine Ventures LLC, GSV Acceleration, LLC, BAT VC LLC
IHEARTMEDIA, INC. 
