# Sybel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sybel

- Industry: Media
- Headquarters: Paris, France
- Website: www.sybel.co
- Total disclosed funding: $5.2M
- Latest round: Series B (Jul 2, 2019)
- Investors on record: 1

## About

Sybel is an innovative audio content platform that delivers diverse podcasts, audiobooks, and original stories for various audiences, emphasizing a screen-free experience for users.Founded in 2018 and headquartered in Paris, France, Sybel offers a platform for audio content. The company has undergone strategic developments to enhance its offerings. Founded by Virginie Maire, the company raised EUR 4.61 mn in Series B funding in July 2019, led by Mangrove Capital Partners, which allowed for the expansion of its content library. Currently, Sybel has completed 2 deals, reflecting its ongoing growth in the audio sector.Sybel is a leading audio content platform that specializes in delivering a diverse range of podcasts, audiobooks, and original audio stories designed to cater to various age groups and interests. The core product offerings include over 15,000 audio episodes featuring more than 700 series in three languages, providing users with access to genres that span from educational documentaries to enchanting children's tales. Notably, Sybel's innovative approach emphasizes a screen-free experience, allowing users to engage with content during daily activities such as commuting, cooking, or relaxing. The platform serves a wide customer base, including families, children, and adult listeners in multiple geographical markets, focusing primarily on French-speaking regions but also extending its offerings to a broader international audience.Sybel generates revenue primarily through a subscription model, offering users unlimited access to its extensive library of audiobooks, podcasts, and original audio series for a monthly fee. Customers can subscribe to the service for EUR 3.99 per month, which allows for the creation of up to five user profiles, making it suitable for entire families. The subscription structure facilitates direct-to-consumer transactions, enhancing user engagement through personalized content experiences. This model enables Sybel to maintain a steady stream of revenue while providing valuable audio content that addresses the entertainment and educational needs of its listeners. The accessibility and variety of offerings position Sybel as a competitive player in the audio content market.Sybel aims to leverage its recent funding to enhance its product offerings and expand its market reach. The company is currently developing new audio content and plans to launch these products in the near future. Additionally, Sybel is targeting expansion into broader international markets beyond French-speaking regions, focusing on increasing its audience footprint. The EUR 4.61 mn raised in Series B funding will support these initiatives, enabling the company to enhance its platform and introduce new features by the end of 2023.

## Funding rounds

- Series B, Jul 2, 2019, $5.2M — Mangrove Capital Partners

## Investors

- Mangrove Capital Partners (https://capitalatlas.ai/funds/mangrove-capital-partners) — Series B