Audiobook app Fonos has simply introduced it has acquired $1.1 million in seed funding. This capital was raised by way of 2 rounds, from traders within the US and Singapore similar to Hustle Fund, iSeed, Angel Central; with well-known home angel traders similar to Thai Van Linh.
Specifically, Shark Thai Van Linh is a well-recognized businessman identified by way of this system Shark Tank Vietnam, additionally frequently livestreams with co-founder Xuan Nguyen to advertise the appliance.
Fonos accomplished this funding spherical within the second quarter of this yr, constructing on a powerful and regular progress basis. For the reason that starting of 2021, the corporate has recorded a income enhance of 5 occasions monthly, regardless of the strict isolation context that affects many home companies. Fonos additionally noticed sturdy consumer progress with greater than 70,000 common lively accounts in August alone.
Xuan Nguyen – Co-founder and CEO of Fonos
Based in 2020 by Oscar Jesionek and Xuan Nguyen, Fonos rapidly turned a pacesetter within the audio e book business in Vietnam because of its excellent sound high quality, delivered by skilled voices, in addition to strategic partnership with many main publishing corporations within the nation similar to Youth Publishing Home, Alphabooks, Thai Ha Books, Nha Nam, Dong A,… Fonos’ audiobook library presently owns a whole lot of titles. Greatest-selling books from nationwide and worldwide authors. Particularly, all are copyrighted.
As well as, the corporate additionally expands its unique audio content material repository with the E book Abstract part, which is about 10-15 minutes in size, together with audio and textual content codecs for studying together with Meditations, Sleep Tales. . “The necessity to take up high-quality audio content material of Vietnamese youth is big.”, mentioned Oscar Jesionek, co-founder and CEO. “We are attempting to pay attention and perceive what customers need, and plan to develop a content material library to completely meet that want.”
The brand new capital might be utilized by Fonos to additional enrich the Library of Audiobooks, E book Summaries and Meditations, in addition to analysis and develop new varieties of digital content material.
Earlier than founding Fonos, co-founder and CEO Xuan Nguyen began his enterprise together with his youthful brother by opening Banh mi 362 in San Saigon in 2015. Since then, this model has efficiently developed 11 branches in Saigon. and a couple of shops in Korea.
