Audio On-Demand Noice Platform Targets Close Funding Round in Second Quarter 2021

Audio platforms on-demand Noice has received initial funding from a number of investors, namely Capital Memories, Alpha JWC, and Kinesys Group. This investment will be used to boost Noice's local content and technology development this year. The value of the investment itself is not stated.

In his interview with DailySocial, President Director of Mahaka Radio Adrian Sykawie revealed that there is one more investor, claimed to be a startup unicorn, which will go into this funding. According to him, the unicorn's involvement will provide opportunities for synergies between the two companies and greater technology transfer. "I can't yet announce his name. We will push [closing] in the second quarter," said Adrian.

Noice was originally developed as a platform streaming radio. However, according to Adrian, this service is considered insufficient to meet the needs of a growing market. While content on-demand growing rapidly in a number of countries, including Indonesia.