About Storytel
Storytel is a Media & Entertainment company based in Stockholm (Sweden) founded in 2015, and was acquired by Storytel in July 2020. Arabic audiobooks are streamed through a mobile application. It operates on a Subscription Services model. 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. Its focus areas include Digital Media and Streaming Services.
Company details
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.
Products & Services of Storytel
Storytel offers a comprehensive portfolio of products and services, including Audiobooks, eBooks, and Storytel Originals.
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 $9.44M
- Total Rounds 3
- Last Round Series A — $6M
- First Round $1.44M
(Sep 2017)
- Investors Count 14
All 3 funding rounds of Storytel with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2019 | $6M | Series A | – | Bonnier Ventures, Paltel Group | |
| Apr 2018 | $2M | Seed | – | Northzone | |
| Sep 2017 | $1.44M | Seed | – | Inbox Capital, Creades |
15 investors in total: 9 institutional and 6 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital focused on digital media and technology startups | bonnierventures.com | Stockholm, Sweden | ||
Early-stage startups are funded by Northzone venture capital. | northzone.com | London, United Kingdom | ||
Venture capital investments are provided to digital B2B startups. | 1984 | venture-securities.se | Stockholm, Sweden | |
Early-stage tech-focused VC firm investing primarily in Sweden | inboxcap.com | Stockholm, Sweden | ||
Private equity investments in SMEs are managed by the firm. | 2012 | creades.se | Stockholm, Sweden | |
| sthlm.vc | ||||
Telecommunication services are provided across Palestine by Paltel Group. | 1995 | paltelgroup.ps | Ramallah, Palestine | |
Investment consulting services are offered to clients in Dubai. | kaafinvestments.com | Dubai, United Arab Emirates | ||
App-based subscription platform for e-books | 2005 | storytel.com | Stockholm, Sweden | |
AE Abdulla Elyas | Co-founder of Loyal, active angel investor in Indian startups | unknown_c49ea17afd2d43559 |
Investor details for Storytel
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Storytel
4 dated milestones of Storytel across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Storytel is founded.
- Funding First funding round of $1.4M.
- Funding Latest funding round, Series A, of $6.0M.
- Exit Acquired by Storytel.
Top companies in Radio & Podcast
2 companies that operate in the same segment as Storytel (Radio & Podcast) in Sweden, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Music streaming is offered on-demand to global users. | 2006 | Stockholm, Stockholm County, Sweden | USD 2.06 B | USD 19.4 B | 19,363 | |
Podcast creation, management, and aggregation services are provided globally. | 2014 | Stockholm, Sweden | USD 84.64 M | USD 262.76 M | 364 |
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Frequently Asked Questions about Storytel
Storytel was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Storytel is headquartered in Stockholm, Sweden.
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 2017.
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.
Storytel offers Audiobooks, eBooks, and Storytel Originals.
Storytel has 15 investors. Key investors include Storytel, Paltel Group, Creades, Bonnier Ventures, and KAAF Investments.
Yes. Storytel was acquired by Storytel in July 2020.