| Founded | 2018 |
|---|---|
| Closed | 2022 |
| Country | USA |
| Sector | Media |
| Total raised | ~$100M USD |
| Collapse type | Fire Sale |
| Founder | Matt Sacks |
Luminary
"Premium podcast subscription raised $100M to offer exclusive shows for $7.99/month. Spotify and Apple owned the creators. Sold to Pandora for pennies."
Distressed acquisition below last-round valuation
Key Events Timeline
Luminary was founded in 2018 by Matt Sacks in New York with $100M raised from private equity firm LionTree Partners and other investors.
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