[Serie B] Podimo Raises $ 78 Million to Expand Podcast Service in Europe

Value proposition : Podimo intends to win over listeners neglected by traditional podcast platforms. To do this, the platform produces a lot of original content in the local language of the countries where it is present. Listeners also have access to foreign podcasts and audio books since the startup is a partner in particular of iHeartMedia or Wondery, acquired by Amazon. Podimo, which produces more than 950 content to date, intends to facilitate content discovery and personalize recommendations to listeners.

Marlet : In this sector, many players are trying to win over the European public. From Spotify to Acast to Luminary and Majelan, the podcast market has been coveted since it took off in Europe, years after the United States. In France alone, podcast listening recorded an increase of 9% in 2020.

Business : The Podimo business model appeals to investors. Since the startup produces a large part of its content, revenue sharing is more favorable to it. The company also shares its revenues with content creators.

News: Podimo has just raised $ 78 million in Series B from 83North and Highland Europe funds. With total funding of $ 115 million, the platform present in Denmark, Germany, Spain and Norway plans to expand into the UK, with the support of its two new investors based in London.

Founders: Morten Strunge, Nikolaj Kippel, Andreas Sachse, Sverre Dueholm

Creation: 2019

The head office : Copenhagen

Activity: podcast platform

Funding: $ 78 million in Series B, from UK funds 83North and Highland Europe.

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