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Podcast Startup Podimo Raises $58 Million in New Funding to Fuel Expansion

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14.09.2022 - 15:33

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Todd Spangler NY Digital Editor Listen up: Podimo, the Denmark-based subscription service for podcasts and audiobooks, said it secured €58.6 million (about $58.4 million) in funding, as it seeks to grow its market footprint and content lineup.

The funding was led by previous investors 83North, Highland Europe and Saban Ventures, with continued participation from Chr.

Augustinus Fabrikker, Heartcore and Headline. The latest round brings Podimo’s total raised to date to about €162 million ($161.5 million), the company said.

Podimo did not disclose valuation but said the new capital represented an “up round,” meaning its valuation increased. Founded in 2019, Podimo said it has doubled its headcount in the past two years and currently has about 225 employees.

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