After demonstrating 5x year on year growth, Podimo just keeps on going, investors pile on another €58.6 million
Summary
Copenhagen-founded open podcast platform that offers a subscription service for creators, Podimo has secured 58.6 million in a Series B extension funding round. Continuing along the path of the previous 69.4 million, the extension will be used to propel Podimos market position as well as continue to make investments in its technical and product offerings.Producing its own original content, some 950+ podcasts and audiobooks, listeners across Denmark, Germany, Spain, Norway, The Netherlands, Finland, and Latin America are treated to Podimos commitment to a local-first approach. With 93% of podcast and short-form audio listeners preferring their native language, Podimo translates international content to local markets native languages, a formula thats helped hits Mord i Nord, The Missing and Swindled resonate strongly in new markets. As we continue to focus on growing our existing markets and opening new ones, we are also building on our extensive catalog of content. - Morten Strunge, CEO and Founder, PodimoPodimos 58.6 million Series B up round was led (again) by 83North, Highland Europe, and Saban Ventures, with continued participation from existing investors Chr.