Tuesday, March 5

See! Somebody is purchasing a podcast business

Witness! Somebody is purchasing a podcast business

Could it be an indication that the tide is turning? Danish podcast and audiobook membership service Podimo revealed a brand-new financing round worth EUR44 million ($48.4 million). Individuals in the round consist of previous financiers Augustinus Fabrikker and HighlandX, in addition to the Danish Export and Investment Fund.

“This financial investment permits Podimo to continue our strong development trajectory while orienting the business towards success,” Morten Strunge, CEO of Podimo, stated in a declaration. “This financing isn’t entirely about financial backing. While success stays an essential goal, our financial investment focus extends beyond monetary turning points. We are resolutely devoted to boosting our item and sustaining a healthy organization design that benefits developers and listeners alike.”

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