Podimo Raises €58.6M in Funding


Podimo, a Copenhagen, Denmark-based provider of a subscription service for podcasts and audiobooks, raised an additional €58.6m in funding.

The round was led by 83North, Highland Europe, and Saban Ventures, with continued participation from existing investors Chr. Augustinus Fabrikker, Heartcore and Headline.

The company intends to use the funds for market expansion, content and enhanced investments in tech and product. 

Founded in 2019 by Morten Strunge, Nikolaj Koppel, Sverre Dueholm, Andreas Sachse and Eva Lægdsgaard, Podimo offers original and exclusive shows ad-free – featuring an extensive collection of podcasts and audiobooks, providing a sustainable way for podcasters and content creators to monetize their work.

The company has doubled its employees since 2021, attracting talent from around the world and increased the amount of paying members 5x year on year.

After acquiring Dutch production company Dag en Nacht, Podimo debuted in The Netherlands in April, with Finland following in August. The app is currently available in Denmark, Germany, Spain, Norway, The Netherlands, Finland, and across Latin America.