Fonos, a Vietnamese audio content startup, said Thursday it has raised $1.8 million in Pre-Series A funding led by US media and technology VC North Base Media.

The round also saw participation from returning and new investors, including AngelCentral, Vietcetera’s Vietnam Innovators Fund, and Orvel Ventures, Fonos said in a statement.

The funding from this round will be used to expand into podcasting and content acquisition.

“I’m incredibly excited for Fonos to enter the podcasting market. We’ve been laser-focused on the audiobook market for the past three years with the goal of becoming the market leader,

“We’re now ready to take that same focus and apply it to the podcasting market.” said its Chief Executive Officer Oscar Jesionek.

Fonos is aiming to become a key podcasting player in Vietnam with multiple initiatives to be launched in the first quarter and the second quarter of 2023.

Fonos has established itself as the audio content leader in Vietnam since its launch in 2020 with over 2100 exclusive pieces of content available on its app, including best-selling audiobooks, book summaries, and meditations.

In addition to the extensive content library, its strength has been in successfully monetizing the content.

Fonos grew its revenues by seven times in 2021 and continues that trend this year. The company is also seeing strong user growth, with over 130,000 monthly active users in October.

The Fonos app has been the #1 top-grossing app in the book category in Vietnam both on the Apple and Android app stores for many months.

According to app revenue analysis tools such as, Fonos is responsible for the majority of audiobook sales in Vietnam.

Vietnam’s Vinfast integrates Amazon Alexa Voice AI into electric vehicles