Hype 1000 closes seed round

The start-up plans to use the money to expand its audio platform Hypecast, especially with new employees.

A group of podcast industry investors led by Matthias von Bechtolsheim and Benjamin Minack has invested in Münster-based Hype1000 GmbH, operator of corporate audio platform Hypecast. The investment is a six-figure sum.

The money will be used to expand the company and hire new employees. However, the Angels will also act as active advisors and members of the company's supervisory board.

They said the platform allows information to be recorded, controlled and broadcast, and provides detailed data to senders. Customers would be supported by Hypecast with knowledge and advice on demand.

Hypecast was developed by Münster-based Hype 1000 GmbH. Maximilian Conrad and Simon Kapell, the two founders of Hypecast, started the company with their own capital. To date, Hypecast has been funded by cash flow, friends and family, and an early investment from Next Media Accelerator. In light of the investment, Matthias von Bechtolsheim said, "The team at Hype 1000 convinces me because they have understood and cracked the topic of corporate audio with empathy, chutzpah and skill, and have thought and presented it in a modern way. And Hypecast excites me as a product because it makes the truly comprehensive, but previously virtually untapped possibilities of corporate audio extremely easy to access for ambitious companies."