“Stitcher has created for talk radio what Pandora, Spotify, and others have built for music,” said Ravi Viswanathan, general partner at NEA, who will join the company’s board of directors. “They’ve made it personalized; they’ve made it mobile; and they’ve made it available when and where people want it.” He noted that talk programming in terrestrial radio has spurred a $5 billion advertising market, meaning there is a tremendous opportunity on which to capitalize when it comes to mobile talk radio.

The company plans to use the latest funding to expand its workforce, boost product development and enhance partnerships with content providers, allowing it to expand beyond the more than 6,000 different shows it already streams.