"BDC, Canada's bank for entrepreneurs, is proud to support Calm Radio in the fulfillment of its growth strategy that will deliver jobs and innovation in Canada," stated Jean-Philippe Pépin, VP and National Lead, Technology at BDC. With an average retention of over 2.5 years, Calm Radio's happy listeners give glowing reviews and a rating of 4.6* on the Apple App Store. The combination of ad-supported and paid subscribers have responded to Calm Radio's expertly curated channels with overwhelming support. Their listeners enjoy over 375 channels, with more being added every week. This growth has been fueled by a positive listener experience and a commitment to innovative technologies. "These funds will help us further accelerate our growth after another amazing year at Calm Radio." Calm Radio increased their MRR by 45% during the last fiscal year and grew its listenership by over 85% and now streams over 5M hours of relaxing music to close to 1M unique IPs each month. "We are thrilled to be partnering with two major forces in the Canadian finance community to help us grow our business," stated Eric Harry, Founder and CEO of Calm Radio. These funds will be used to propel the already rapidly growing listener base of Calm Radio.
TORONTO, /PRNewswire/ - Calm Radio ®, the world's largest online music streaming service focused on the wellness and relaxation markets, announced today that it has secured a total financing of $1.25M from BDC and TD Commercial Banking. World's largest provider of Relaxation Music poised to become the "Spotify®" of the Wellness Market, showcased at Collision Conference
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