The Swedish leading podcast company Acast has signed a EUR 25 million financing agreement with the European Investment Bank (EIB).
The EIB financing is supported by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe (known as the ”Juncker Plan”), the purpose of which is to provide alternative sources of financing to innovative companies. The financing agreement provides a ”quasi-equity” financing without resulting in EIB owning any shares in Acast.
Acast was founded in 2014, has its headquarters in Stockholm and services available in ten different countries.
Vinge’s team included Sofia Törnroth Nyberg and Albert Wållgren (Banking & Finance), and Johan Larsson and Vilhelm Rondahl (M&A).