Internet talk radio company Stitcher has closed a Series C round of venture capital financing. New Enterprise Associates led the $10 million round, which included investments from return investors Benchmark Capital, New Atlantic Ventures, and tech veterans including Ron Conway. Ravi Viswanathan, general partner, NEA, will join Stitcher's board of directors. Stitcher will use the funding build out a direct sales team and drive product development, including enhancing its platform for content partners.
With Stitcher consumers can create personalized stations from more than 6,000 different shows that cover news, entertainment, sports and comedy. The shows are continuously updated with new episodes and content on a listener's mobile devices, with no need for downloads or syncing. Stitcher offers CNN News, NPR's Fresh Air, E!'s Chelsea Lately, Rush Limbaugh, TechCrunch headlines, Marc Maron, and Fox Sports. Stitcher is also available in vehicles through the Ford SYNC platform and the Buick IntelliLink in-car connectivity system.
