All posts tagged: Netflixstyle

Podimo raises €44M to turn up the volume on its Netflix-style podcasting platform

Podimo raises €44M to turn up the volume on its Netflix-style podcasting platform

[ad_1] We are fast approaching half a billion people listening to podcasts, and today one of the independent players hoping to cash in on that activity has announced some funding to grow. Podimo, the Copenhagen-based podcasting startup that’s built around a Netflix-style monthly subscription fee, has raised another €44 million ($48 million at today’s rates) in funding, an all-equity round that it will be using to expand across the whole of its business: it will be enhancing production tools; expanding its distribution network alongside its own platform; and going deeper into localization. Podimo is currently available in Denmark, Norway, Germany, Spain, The Netherlands, Finland, and Latin America — where it charges between $5 and $7 per month to listeners, and higher rates to creators to use its tools — and the plan is to add more countries to that list. The funding comes after a year that has seen Podimo’s average engagement per user rise to 20 hours per month, and its subscription base grow by 80% — although in an interview, Morten Strunge, the …