Blue Wire, a number one impartial sports activities podcast firm, introduced the launch of a neighborhood fundraising spherical, in partnership with WeFunder, with the aim to boost $1 million at a $25 million valuation cap.
The increase will permit buyers — followers, journalists, athletes, and creators — to hitch the corporate’s possession group and help Blue Wire’s plans to scale operations, broaden its portfolio of worthwhile content material, and develop proprietary software program to additional help its community of over 500 creators and 300 particular person podcasts, which incorporates athlete-driven sequence from 2x Tremendous Bowl Champion Chris Lengthy, former NBA stars Richard Jefferson and Channing Frye, and extra.
Along with producing income for its community of impartial exhibits, Blue Wire additionally collaborates with a spread of strategic content material companions together with Wynn Resorts, Motion Community, and Fubo Sports activities to provide and monetize content material.
The brand new funding spherical comes at a time of explosive development for the corporate. Blue Wire has rapidly established itself as one of many premier sports activities podcast networks, boasting a US viewers of over 3 million distinctive month-to-month listeners and an annual obtain rely of over 130 million. Blue Wire additionally works with greater than 100 advertisers, connecting prime manufacturers from a big selection of classes to its full lineup of community companions, leading to over $20 million in income generated since 2020.
“Blue Wire is providing particular person buyers the chance to hitch our motion. Impartial podcasters are constructing thriving content material companies, and our infrastructure can help this explosive development,” mentioned Kevin Jones, Founder & CEO of Blue Wire. “In a market dominated by main conglomerates and publishers, Blue Wire is constructing a distinct kind of enterprise. We imagine in ‘power in numbers,’ and this crowdfunding marketing campaign additional highlights this core worth.”
“I checked out Blue Wire and mentioned this can be a excellent alternative to be within the podcast area,” mentioned two-time NBA All-Star and Blue Wire investor Baron Davis. “The corporate has nice imaginative and prescient, nice instinct, they usually care about what they’re constructing.”
Since 2020, Blue Wire has secured $12 million in funding from numerous sources, together with seed and Sequence A rounds led by Dot Capital, Wynn Resorts, former NBA famous person Baron Davis, and East Carolina College’s Pirate Fund.
For extra info on spend money on Blue Wire, go to Wefunder. https://wefunder.com/bluewire/
