About Storytel
Storytel is a company based in Stockholm (Sweden) founded in 2015 was acquired by Storytel in July 2020. It operates as a Subscription Services. Storytel has raised $9.44 million across 3 funding rounds from investors including Storytel, Paltel Group and Creades. Storytel offers products and services including Audiobooks, eBooks, and Storytel Originals.
- Headquarter Stockholm, Sweden
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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
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Products & Services of Storytel
Storytel offers a comprehensive portfolio of products and services, including Audiobooks, eBooks, and Storytel Originals. 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.
Audiobooks are provided for diverse storytelling and entertainment.
eBooks are offered for reading across multiple genres.
Exclusive stories are created for unique listening experiences.
Funding Insights of Storytel
Storytel has successfully raised a total of $9.44M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in May 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 3
- Last Round Series A — $6.0M
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First Round
First Round
(04 Sep 2017)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Series A - Storytel | Valuation | Bonnier Ventures , Paltel Group | |
| Apr, 2018 | Amount | Seed - Storytel | Valuation | Northzone | |
| Sep, 2017 | Amount | Seed - Storytel | Valuation | Inbox Capital , Creades |
| 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 Storytel
Storytel has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Storytel, Paltel Group and Creades. 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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Venture capital focused on digital media and technology startups
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Northzone venture capital.
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Founded Year | Domain | Location | |
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Venture capital investments are provided to digital B2B startups.
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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 Storytel
| 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 |
Financial Statements - Storytel
| 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 |
Storytel Comparisons
Competitors of Storytel
| 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 Storytel
Frequently Asked Questions about Storytel
When was Storytel founded?
Storytel was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Storytel located?
Storytel is headquartered in Stockholm, Sweden.
Is Storytel a funded company?
Storytel is a funded company, having raised a total of $9.44M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.44M, raised on Sep 04, 2017.
What does Storytel do?
Storytel is established as a digital platform offering over 400,000 audiobooks and eBooks across more than 10 languages. Services are provided in various categories including fiction, crime, and childrens content. Exclusive content through Storytel Originals is also made available. The platform is designed to cater to diverse audiences with features like Kids Mode for childrens audiobooks. Subscription plans are offered starting from Rs 149 per month, ensuring accessibility to a wide range of storytelling and entertainment options.
What products or services does Storytel offer?
Storytel offers Audiobooks, eBooks, and Storytel Originals.
Who are Storytel's investors?
Storytel has 15 investors. Key investors include Storytel, Paltel Group, Creades, Bonnier Ventures, and KAAF Investments.