About Podimo
Podimo is a company based in Copenhagen (Denmark) founded in 2019 by Sverre Dueholm, Eva Kirstine Laegdsgaard, Andreas Sachse, Morten Qvist Strunge, and Nikolaj Koppel. It operates as a Subscription Services. Podimo has raised $223.91 million across 6 funding rounds from investors including Danmarks Eksport og Investeringsfond, Chr. Augustinus Fabrikker and Highland Capital Partners. The company has 84 employees as of November 30, 2024. Podimo has completed 3 acquisitions, including BesserFM, Podads and Tonny Media. Podimo offers products and services including Exclusive Podcasts and Audiobooks. Podimo operates in a competitive market with competitors including Storytel, Yoto, Beek, Luminary and Fonos, among others.
- Headquarter Copenhagen, Denmark
- Employees 84 as on 30 Nov, 2024
- Founders Sverre Dueholm, Eva Kirstine Laegdsgaard, Andreas Sachse, Morten Qvist Strunge, Nikolaj Koppel
- Stage Minicorn
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Podimo Aps
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Annual Revenue
$21.59 M (USD)232as on Dec 31, 2022
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Net Profit
$-44.99 M (USD)-385as on Dec 31, 2022
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EBITDA
$-44.82 M (USD)-384as on Dec 31, 2022
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Total Equity Funding
$223.91 M (USD)
in 6 rounds
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Latest Funding Round
$48.21 M (USD), Series B
Dec 21, 2023
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Investors
Danmarks Eksport og Investeringsfond
& 9 more
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Employee Count
84
as on Nov 30, 2024
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Investments & Acquisitions
BesserFM
& 2 more
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Products & Services of Podimo
Podimo offers a comprehensive portfolio of products and services, including Exclusive Podcasts and Audiobooks. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Exclusive podcasts are offered for diverse daily listening moments.
Audiobooks are provided, including bestsellers and various genres.
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Funding Insights of Podimo
Podimo has successfully raised a total of $223.91M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $48.21 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $48.2M
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First Round
First Round
(11 Jun 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series B - Podimo | Valuation | Danmarks Eksport og Investeringsfond , Highland Capital Partners | |
| Sep, 2022 | Amount | Series B - Podimo | Valuation | 83NORTH , Highland Europe | |
| Nov, 2021 | Amount | Series B - Podimo | Valuation | 83NORTH , Highland Europe |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Podimo
Podimo has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Danmarks Eksport og Investeringsfond, Chr. Augustinus Fabrikker and Highland Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Venture capital investment and entrepreneur support services.
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Founded Year | Domain | Location | |
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Tech-focused, stage-agnostic venture capital is provided by 83NORTH.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Podimo
Podimo has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include BesserFM, Podads and Tonny Media. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform offering podcast publishing solutions
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2020 | ||||
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Online podcast network
|
2018 | ||||
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Manufacturer of water heating systems for domestic, commercial, and industrial use
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Podimo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Podimo Comparisons
Competitors of Podimo
Podimo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Storytel, Yoto, Beek, Luminary and Fonos, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based subscription platform for e-books
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| domain | founded_year | HQ Location |
Audio-based learning solutions with stories and music are provided.
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| domain | founded_year | HQ Location |
Multi-genre audiobooks are delivered via a SaaS platform.
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| domain | founded_year | HQ Location |
Original podcasts are streamed via advanced search and recommendations.
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| domain | founded_year | HQ Location |
Multi-genre audiobooks are delivered via an app-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Podimo
Frequently Asked Questions about Podimo
When was Podimo founded?
Podimo was founded in 2019.
Where is Podimo located?
Podimo is headquartered in Copenhagen, Denmark.
Who is the current CEO of Podimo?
Morten Qvist Strunge is the current CEO of Podimo. They have also founded this company.
Is Podimo a funded company?
Podimo is a funded company, having raised a total of $223.91M across 6 funding rounds to date. The company's 1st funding round was a Series B of $78M, raised on Jun 11, 2019.
How many employees does Podimo have?
As of Nov 30, 2024, the latest employee count at Podimo is 84.
What is the annual revenue of Podimo?
Annual revenue of Podimo is $21.59M as on Dec 31, 2022.
What does Podimo do?
Podimo is engaged in providing exclusive podcasts and audiobooks tailored for various moments of the day. The company operates in the digital audio entertainment sector, producing content in collaboration with local talents across multiple countries. Solutions are offered through a platform accessible on all devices, ensuring personalized listening experiences. Expansion to additional markets is underway, with a presence already established in seven countries.
Who are the top competitors of Podimo?
What products or services does Podimo offer?
Podimo offers Exclusive Podcasts and Audiobooks.
How many acquisitions has Podimo made?
Podimo has made 3 acquisitions, including BesserFM, Podads, and Tonny Media.
Who are Podimo's investors?
Podimo has 10 investors. Key investors include Danmarks Eksport og Investeringsfond, Chr. Augustinus Fabrikker, Highland Capital Partners, 83NORTH, and Highland Europe.
What is Podimo's valuation?
The valuation of Podimo is $393.37M as of Sep 2022.
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