West Hollywood-based Dear Media announced Thursday that it raised $8 million from Magnet Companies, a private equity-backed holding company with offices in New York and Los Angeles.

Dear Media is a podcast network focusing on female voices, with a roster of over 40 hosts including lifestyle guru Lauryn Evarts of "The Skinny Confidential," Jackie Schimmel of "The Bitch Bible," and wellness and nutrition experts Wendy Lopez and Jessica Jones. The network, whose podcasts can be heard on typical channels like Apple Podcasts and Spotify, targets an audience of mostly millennial and Gen-Z women who want to engage with podcast hosts across multiple channels, chief executive Michael Bosstick told dot.LA.

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