# Podimo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/podimo-aps

- Industry: Media
- Headquarters: Copenhagen, Denmark
- Website: www.podimo.com
- Total disclosed funding: $101M
- Latest round: Series B (Nov 24, 2021)
- Investors on record: 7

## About

Founded in 2019 by CEO Morten Strunge, Nikolaj Koppel, Sverre Dueholm, Andreas Sachse, and Eva Lægdsgaard and based in Copenhagen, Denmark, Podimo ApS offers an open podcast platform that provides organized online content to users. The platform operates in Denmark, Germany, Spain, and across 20 countries in Latin America. As of 2021, the company staffs over 80 employees operating across 8 countries. Podimo ApS secured EUR 15 million in 2020 as Series A funding led by 83North and supported by e.ventures and Heartcore and EUR 11.2 million in 2021 in venture funding co-led by new investor Chr. Augustinus Fabrikker and returning investor e.ventures with participation from new investor Meridia Capital Partners. 

The company offers a mobile application with a freemium and premium model, that serves customized recommendations to the users through open RSS feeds. The company also provides podcasters with the ability to monetize their content by distributing a proportional percentage of revenue derived from subscription fees to all podcasters that the consumer has listened to, each month. According to the company's revenue share model, podcasters with exclusive delivery agreements receive 50% of the revenue, and those with non-exclusive deals receive 20%.

The company generates revenue through a membership subscription which can be purchased either through the website or third-party vendors such as the Apple app store. Podimo also offers a trial period on memberships for a specific period at no or low charges. Subscribed members under the premium model, may have unrestricted and unlimited access to over 600 shows exclusively streaming on the app. 

The company plans to use the acquired funding to accelerate and expand its operations, globally.

## Funding rounds

- Series B, Nov 24, 2021, $78M — Headline, Heartcore Capital, 83 North, Chr. Augustinus Fabrikker, Highland Europe, Saban Ventures, Possible Ventures
- Series A, May 28, 2020, $17M — Headline, Heartcore Capital, 83 North
- Seed, Jul 3, 2019, $6.7M — Headline, Heartcore Capital

## Investors

- Headline (https://capitalatlas.ai/funds/headline) — Seed, Series A, Series B
- Heartcore Capital (https://capitalatlas.ai/funds/heartcore-capital) — Seed, Series A, Series B
- 83 North (https://capitalatlas.ai/funds/83-north) — Series A, Series B
- Chr. Augustinus Fabrikker — Series B
- Highland Europe (https://capitalatlas.ai/funds/highland-europe) — Series B
- Saban Ventures (https://capitalatlas.ai/funds/saban-ventures) — Series B
- Possible Ventures — Series B