This Copenhagen-based startup wants to become the ‘Netflix for podcasts’ in Europe, secures €6M funding

These days, there is a lot of demand for audio content across the world and this has given rise to podcasts. As consumers prefer premium and ad-free services, there is a huge market available for the companies in the podcast space.

Copenhagen-based Podimo is one such startup in the podcast sector in Europe. Started in April 2019 by Morten Strunge, Nikolaj Koppel, Andreas Sachse and Sverre Dueholm, Podimo operates with a mission to become Europe’s ‘Netflix for podcasts’.

Please keep reading..

As the coronavirus pandemic unfolds in the world, we at Silicon Canals are committed to...Show More

As the coronavirus pandemic unfolds in the world, we at Silicon Canals are committed to creating the biggest possible impact on the technology industry and startup ecosystem by bringing quality journalism to your devices. But today we rely on our readers to support us. We are asking you a big favour to make a contribution and support our editorial team to continue to investigate and write some insightful stories for you during these crisis times. We want to stand by you and do whatever it takes to bring the best news content to you.Our stories are free to read, exclusive, unbiased and always with an edge and with your financial support, we can keep the wheel spinning independently. Our online news platform is run by a small, independent publisher without any form of external capital or grants but still, we plan to stay here for long.We’d like to thank you in advance for your contribution! Each donation, however big or small, means a lot. Support Silicon Canals from as little as €10 – it will only take a minute. Thank you again.Show Less

Read more

Raised €6M seed funding

In a recent development, Podimo has secured €6 million seed funding led by Germany’s E.ventures and Denmark’s Heartcore. With this funding, the podcast startup aims to cash in on the growing podcast consumption.

Will launch a freemium version

The Podimo app is designed to offer a superior experience in discovering and recommending podcasts than the existing streaming and download services. The idea is to make it easy and seamless to find your next podcast. The freemium model of the app will provide unlimited listening and features.

Aims to create revenue for producers

This Danish startup will launch both a free and paid version of the podcast app. And, aims to create a revenue stream for the producers of podcasts. The company hopes to make use of the opportunity to work closely with podcast creators and strengthen the ecosystem, so that creators are not heavily dependent on the advertising revenue. As there is a more robust revenue stream, new podcasters will be able to enter the market and existing ones can earn more.

Strunge, a co-founder of Podimo said, “We want to become the preferred partner for creators, by both working closely with their content, curate and match it with each individual user, but also by offering a superior monetisation model.”

Exclusive collections

Podimo offers users both the podcasts that already exist and a slew of exclusive podcasts from famous and brand new hosts. Talking about the exclusives at Podimo, there are podcasts from Casper Christensen, Hella Joof & Marie-Louise Tüxen, Third Ear and Umut Sakarya. And, many more will be made available soon.

Stay tuned to Silicon Canals for more updates in the tech startup world.

Also read,

French deep tech AI scaleup METRON raises €10M funding, aims to expand globally now

Working on next big innovation in health & nutrition?

How do we create a world where we can feed a population of 9 billion, and keep all those...Show More

How do we create a world where we can feed a population of 9 billion, and keep all those people healthy? Show Less

Read more