Behold! Somebody is investing in a podcast firm

Behold! Somebody is investing in a podcast firm

May or not it’s an indication that the tide is popping? Danish podcast and audiobook subscription service Podimo introduced a brand new funding spherical price €44 million ($48.4 million). Contributors within the spherical embody earlier buyers Augustinus Fabrikker and HighlandX, in addition to the Danish Export and Funding Fund.

“This funding permits Podimo to proceed our sturdy development trajectory whereas orienting the corporate in direction of profitability,” Morten Strunge, CEO of Podimo, mentioned in a press release. “This funding isn’t solely about monetary assist. Whereas profitability stays a key goal, our funding focus extends past monetary milestones. We’re resolutely dedicated to enhancing our product and sustaining a wholesome enterprise mannequin that advantages creators and listeners alike.”