Podimo, a Copenhagen, Denmark-based provider of a podcast and audiobook subscription service, raised €44M in combined funding.
Backers included Export and Investment Fund, HighlandX and Augustinus Fabrikker.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Morten Strunge, Podimo provides a podcast and audiobook subscription service with a presence across seven markets and ongoing expansion plans. Its core focus lies in championing local content and diverse voices, offering an array of original and exclusive ad-free podcasts, global RSS feed content, and audiobooks. Podimo is committed to offering spoken audio creators alternative avenues for monetisation and validation of their content, enabling them to concentrate solely on their work. The app offers personalized audio experiences through a blend of human curation and AI, and listeners can enjoy Podimo on iOS and Android, iPad, CarPlay.
Podimo has also been investing in tech and product, being the first podcast app to test features like “Conversational Search,” a user-facing chatbot that aids listeners in helping discover their next favorite podcast or audiobook, as well as developing a host of new AI tools to increase diversity in listening.
FinSMEs
21/12/2023