Copenhagen based startup Podimo, a fast growing podcasting provider, announces that it has secured € 15 million, led by 83North with participation from existing investors e.ventures and Heartcore. Podimo brings smart curation and discoverability features to listeners, and a new revenue stream to creators.
Founded in 2019, Podimo is a podcast and short-form audio platform that offers podcast creators 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.
“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. 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.” says Morten Strunge, CEO and Founder
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 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. Podimo has a very strong team in place and a proven track record.” says Arnon Dinur, Partner, 83North
The capital raised will be used to develop the platform, but also to invest in content and creators, by developing and creating appealing content in formats that will attract subscribers.
The aim now is also to drive market expansion in Europe.