Storytel

Storytel is a leading audiobook streaming platform with over 1 million paying subscribers across Europe, Latin America and Asia

Storytel

Storytel is a leading audiobook streaming platform with over 1 million paying subscribers across Europe, Latin America and Asia

  • Market leading, continuously growing and partly exclusive content catalogue, with a focus on non-English speaking markets
  • Rapidly increasing consumption of spoken word content supported by strong secular growth drivers including faster mobile bandwidth connections and availability of attractive content
  • High barriers to entry and significant scale driven by first mover advantage across key markets
  • Attractive unit economics supported by strong customer engagement resulting in low churn

Key facts

  1. Sales 2019: €176m
  2. Employees 2019: 539
  3. Industry Consumer Services
  4. Headquarters Stockholm, Sweden
  5. Geographic Footprint Global, Nordic
  6. Website storytel.com
  7. Investment Date October 2019
  8. Fund VIP III Cortex

Investment Facts

Storytel

Storytel is a leading audiobook streaming platform with over 1 million paying subscribers across Europe, Latin America and Asia

Key facts

  1. Sales 2019: €176m
  2. Employees 2019: 539
  3. Industry Consumer Services
  4. Headquarters Stockholm, Sweden
  5. Geographic Footprint Global, Nordic
  6. Website storytel.com
  7. Investment Date October 2019
  8. Fund VIP III Cortex
  • Market leading, continuously growing and partly exclusive content catalogue, with a focus on non-English speaking markets
  • Rapidly increasing consumption of spoken word content supported by strong secular growth drivers including faster mobile bandwidth connections and availability of attractive content
  • High barriers to entry and significant scale driven by first mover advantage across key markets
  • Attractive unit economics supported by strong customer engagement resulting in low churn

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