Podimo

Based in Copenhagen, Denmark, Podimo is a podcast and audiobook app. Listeners can access free podcasts via the RSS open archive, while Podimo’s Premium members get access to 1,000+ exclusive ad-free original podcasts and 70,000+ audiobooks. It also provides access to global podcasts via RSS feeds and provides features like skip-intro, personalized audio recommendations, and full-length video versions of shows to enhance user engagement.  

Moreover, the company functions as a one-stop-shop for creators, helping them craft content formats and grow their audience, where Podimo shares its members’ subscription fees with each creator they listen to. The Podimo Studio also offers creators audience data and analytics to understand their audience and boost earnings. 

Podimo uses a user-centric payment system to reward podcasters based on Premium members' listening, with Premium members' subscription fees directly supporting creators. It also planned to add AI features in new releases.

Podimo offers two distribution options—non-exclusive (50% revenue from Premium members) and exclusive (to increase reach and earnings). 

A key focus for the firm is creating “hyper-local” content that includes producing more localized content in different languages.

Key customers and partnerships

As of December 2023, the firm was estimated to have ~350 creators and its solutions were available across seven markets including Denmark, Norway, Germany, Spain, the Netherlands, Finland, and Latin America. 

In February 2023, Podimo announced a partnership with UK production companies including Listen, Tortoise, What’s The Story Sounds, and others to create 20+ new podcasts. 

It also collaborates with media partners such as Disney, iHeartMedia, Wondery, and Paramount Network España, supporting independent journalism. 

Funding and financials

In December 2023, the firm raised EUR 44 million (~USD 48 million) in a venture round to improve its business model aimed at achieving profitability. In September 2022 , the company raised EUR  58.6 million (~USD 58.4 million)  in a Series B funding round co-led by 83North, Highland Europe, and Saban Ventures.

In December 2023, Podimo claimed that its subscription base had grown by more than 80% compared with 2022, with listeners reportedly consuming an average of 20 hours of spoken audio entertainment monthly.