Podimo raises 11,2 million Euros

Podimo today announced that it has secured 11,2 million Euros through its latest investment round. Podimo is a podcast and short-form audio platform.

Podimo was founded in 2019, and it is live in Germany, Spanish-speaking markets, and Denmark. Podimo has a revenue share model, driven by its premium subscription service. Premium members unlock access to 600+ shows that can’t be heard anywhere else, and their membership fee is shared directly with the podcast creators they listen to each month.

“We now have more than 600 exclusive shows on Podimo, and see strong traction in our International markets driven by a continuous investment into a hyper-local presence and approach to content production, creator relations, curation, and marketing.”, says Morten Strunge, CEO and Founder. “Our dream is to address two challenges in the developing podcast industry. The first is discoverability, where we intelligently match listeners to the content they love. And the second is monetization, where we provide a new stream of revenue for creators, allowing them to focus on creating and invest into great storytelling. ”

According to Podimo, the capital raised will be used to develop the platform, invest in content and creators, develop the podcaster studio, drive market expansion, and build the team.