Today Podimo, a fast growing podcasting provider, has announced snapping up €15 million in a round led by 83North, with participation from existing investors e.ventures and Heartcore. The Danish startup aims to bring 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 podcast creators through a revenue share model, driven by their subscription-based service. Podimo’s ambition is to deliver an outstanding podcast experience for both creators and consumers globally.
“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.”
“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.”
So far the service is currently live in Denmark and Germany. The fresh funds will be used to drive market expansion across the rest of Europe, as currently more than 20% of the European population listen to podcasts. The finance will also be used to develop the platform, invest in content and creators, develop a podcaster studio and build the team.