European Podcast Startup Podimo Raises $78 Million to Fund Content, Market Expansion

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Podimo, a Copenhagen-based podcast and audio entertainment subscription service, said it closed $78 million in a Series B round of funding. The round brings Podimo, founded in 2019, to about $115 m…

, a Copenhagen-based podcast and audio entertainment subscription service, said it closed $78 million in a Series B round of funding.

Podimo’s premium audio platform offers a lineup of more than 950 original podcasts and audiobooks as well as podcasts from the U.S. and around the world through partnerships with iHeartMedia, Amazon’s Wondery, German audio platform FYEO, and creators like Norwegian crime novelist Jo Nesbø. The podcast and audio market is “a tremendous opportunity, and with our strategic focus on content in local markets’ native languages, we feel well positioned to grab a substantial part of this market,” CEO and founder Morten Strunge said in a statement.

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