Podimo secures €15m Series A funding
Podimo, a fast growing podcasting provider, announces that it has secured €15 million through its latest investment round, led by 83North with participation from existing investors e.ventures and Heartcore.
Podimo brings smart curation, discoverability features and intuitive design to listeners as well as a new revenue stream to creators.
Founded in 2019, Podimo is a podcast and short-form audio platform that offers personalised recommendations for users and supports the podcast creators through a revenue share model, driven by their subscription-based service, currently live in Denmark and Germany. Podimo’s ambition is to deliver an outstanding podcast experience for both creators and consumers globally.
With the fast increasing amount of podcasts available, curation and discovery becomes more and more important. To unfold content in a relevant context and to the right individual user, will benefit both podcast creators and consumers. Podimo will constantly continue to refine, tweak and improve the offering.
“Podimo’s long-term ambition is to create robust revenue streams to the podcasting community and to be a positive partner to everyone within the ecosystem”, says Morten Strunge, CEO and Founder.
“Our dream is to be part of developing the podcast industry, where we can help match audiences with content they love and create incremental income to support creators, allowing them to focus on creating great content. Our focus is solely on podcasts and short-form audio.”
Podcasts and short-form audio content are on the rise and continue to increase in popularity. The development calls for new business models and further innovation of the platforms and format itself, which will benefit creators in unlocking their full potential in creating content and engaging with their audience.
“As we are entering a new decade of podcasts, we see that Podimo is a key player in revolutionizing the industry and has a leading role in reshaping consumer and creator experiences, says Arnon Dinur, Partner, 83North.
“Podimo has a very strong team in place and a proven track record. We are excited to be part of the journey.”
The capital raised will be used to develop the platform, invest in content and creators, drive market expansion and build out the Podimo team.