Behold! Somebody is investing in a podcast firm

Behold! Somebody is investing in a podcast firm

May 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). Individuals within the spherical embrace earlier buyers Augustinus Fabrikker and HighlandX, in addition to the Danish Export and Funding Fund.

“This funding permits Podimo to proceed our robust progress trajectory whereas orienting the corporate in the direction of profitability,” Morten Strunge, CEO of Podimo, stated in an announcement. “This funding isn’t solely about monetary help. Whereas profitability stays a key goal, our funding focus extends past monetary milestones. We’re resolutely dedicated to enhancing our product and sustaining a wholesome enterprise mannequin that advantages creators and listeners alike.”