The Fonos software has affirmed its main place within the subject of digital audio content material in Vietnam after its launch in 2020.
Fonos has raised $1.8 million in a Pre-Series A funding spherical led by US media and know-how firm VC North Base Media. This funding spherical additionally has the participation of models which have accompanied Fonos and new buyers akin to AngelCentral, Vietcetera Innovators Fund, Orvel Ventures.
The Fonos software has affirmed its main place within the subject of digital audio content material in Vietnam after its launch in 2020, with greater than 2,100 unique content material on the applying together with Best-selling Audiobooks, Book Summary, Meditation ,… A wealthy content material library is a power and a strong basis that helps Fonos have a robust breakthrough in income.
In 2021, the corporate recorded 7 instances income and this progress momentum will proceed this yr. Fonos is receiving sturdy help from customers, with greater than 130,000 consumer accounts in October. Fonos can be the top-grossing app in Vietnam within the e-book section, on each Apple and Google app shops in lots of months. According to the analytics instruments at knowledge.ai, Fonos’ income accounts for almost all of the market share in audiobook gross sales in Vietnam.
With the newly obtained capital, Fonos will proceed to broaden into the Podcast section and develop extra content material libraries. “I am extremely excited when Fonos enters this market. We’ve been focusing on audiobooks for the past 3 years with the goal of being the leader. Now, everyone is ready to do the same thing with podcasts.” Co-founder and CEO of Fonos – Mr. Oscar Jesionek shared. Fonos goals to grow to be the main podcast service supplier in Vietnam with many plans to be carried out in Q1 and Q2 of 2023.
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