Behold! Somebody is investing in a podcast firm
Might or not it’s an indication that the tide is popping? Danish podcast and audiobook subscription service Podimo introduced a brand new funding spherical value €44 million ($48.4 million). Members within the spherical embrace earlier buyers Augustinus Fabrikker and HighlandX, in addition to the Danish Export and Funding Fund.
“This investment allows Podimo to continue our strong growth trajectory while orienting the company towards profitability,” Morten Strunge, CEO of Podimo, mentioned in an announcement. “This funding isn’t solely about financial support. While profitability remains a key objective, our investment focus extends beyond financial milestones. We are resolutely committed to enhancing our product and sustaining a healthy business model that benefits creators and listeners alike.”