Today: Apr 23, 2024

Podimo: €44 million fuels their spoken audio entertainment ecosystem dominance.

4 months ago

Podimo, a Copenhagen-based podcast and audiobook subscription service, has raised €44 million in funding from The Danish Export and Investment Fund (EIFO), HighlandX, and Chr. Augustinus Fabrikker. The funding will be used to support the company’s growth trajectory and focus on profitability. Podimo has expanded to seven markets since its launch in 2019 and has grown its subscriber base by more than 80% in the last year alone. The company aims to empower creators by providing sustainable monetization avenues and has been investing heavily in tech and product development, including testing features like “Conversational Search” and developing AI tools to increase diversity in listening. This funding round reflects the company’s commitment to enhancing its product, sustaining a healthy business model, and benefiting creators and listeners.