Podimo raises €44M to turn up the volume on its Netflix-style podcasting platform

Podimo raises €44M to turn up the volume on its Netflix-style podcasting platform

a year ago
Anonymous $Pi6HN8Q0B-

https://techcrunch.com/2023/12/21/podimo-raises-e44m-to-turn-up-the-volume-on-its-netflix-style-podcasting-platform/

We are fast approaching half a billion people listening to podcasts, and today one of the independent players hoping to cash in on that activity has announced some funding to grow.

Podimo, the Copenhagen-based podcasting startup that’s built around a Netflix-style monthly subscription fee, has raised another €44 million ($48 million at today’s rates) in funding, an all-equity round that it will be using to expand across the whole of its business: it will be enhancing production tools; expanding its distribution network alongside its own platform; and going deeper into localization. It’s currently available in Denmark, Norway, Germany, Spain, The Netherlands, Finland, and Latin America — where it charges between $5 and $7 per month to listeners, and higher rates to creators to use its tools — and the plan is to add more countries to that list.