About Readly
Readly is a company based in Stockholm (Sweden) founded in 2013 was acquired by Bonnier in March 2023.. Readly has raised $46.79 million across 6 funding rounds from investors including Channel 4, AP3 and Zouk Capital. Readly has completed 1 acquisition, including Arcy. Readly operates in a competitive market with competitors including Zinio, Cafeyn, Magzter, Pulse and Activaero, among others.
- Headquarter Stockholm, Sweden
- Stage Public
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Sectors
Media & Entertainment
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Phone
*********
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Website
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Social
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Software Development Team
7 people
Sales and Marketing
7 people
Product Management Team
4 people
Creative and Marketing Team
3 people
CRM Team
2 people
Partnerships Team
2 people
Finance and Accounting
2 people
Data Analysis and Operations Team
2 people
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Funding Insights of Readly
Readly has successfully raised a total of $46.79M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $16.81 million completed in June 2019. 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 — $16.8M
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First Round
First Round
(27 Aug 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Series B - Readly | Valuation | AP3 , Zouk Capital |
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| Aug, 2018 | Amount | Series B - Readly | Valuation | Swedbank Robur | |
| May, 2017 | Amount | Series B - Readly | Valuation | Zouk Capital , Hermes GPE |
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| 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 Readly
Readly has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Channel 4, AP3 and Zouk Capital. 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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Growth-stage private equity investments are targeted by Zouk Capital.
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Founded Year | Domain | Location | |
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Expansion-stage tech investments are targeted in Sweden and Norway.
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Founded Year | Domain | Location | |
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Diversified investments are managed across multiple sectors by Hermes GPE.
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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 Readly
Readly has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Arcy. 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.
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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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Digital magazine subscriptions are offered via a single app.
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Readly
| 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 |
Readly Comparisons
Competitors of Readly
Readly 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 Zinio, Cafeyn, Magzter, Pulse and Activaero, 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 |
Digital magazines from diverse publishers are distributed via multi-platform service.
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| domain | founded_year | HQ Location |
Online platform offering multiple magazine reading solutions
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| domain | founded_year | HQ Location |
Digital magazines and newspapers are distributed via an online platform.
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| domain | founded_year | HQ Location |
Digital newsstands for magazines and newspapers
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| domain | founded_year | HQ Location |
Controlled breathing technologies for inhaler devices were developed.
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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 Readly
Frequently Asked Questions about Readly
When was Readly founded?
Readly was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Readly located?
Readly is headquartered in Stockholm, Sweden.
Is Readly a funded company?
Readly is a funded company, having raised a total of $46.79M across 6 funding rounds to date. The company's 1st funding round was a Series B of $14.34M, raised on Aug 27, 2015.
What does Readly do?
Readly was founded in 2013 in Stockholm, Sweden, and operates in the digital media sector. An online platform is offered for users to access newspapers and magazines through web login or mobile apps on iOS and Android devices. Content covers topics including fashion, lifestyle, and travel. Features such as offline reading and subscription sharing with family or friends are included, with services available globally.
How many acquisitions has Readly made?
Readly has made 1 acquisition, including Arcy.
Who are Readly's investors?
Readly has 7 investors. Key investors include Channel 4, AP3, Zouk Capital, Swedbank Robur, and Aggregate.
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