Podit Ltd (#Marketplace) Seeking €100k Investments

Image Copyright: Podit Oy

With €63k annual revenues in 2021 (estimated €300k by Q4 2022) and a €2,1M pre-money valuation (-30% reduction from last round, due to market situation), Podit Oy (marketplace for business audio) is looking to raise €100k seed funding from Nordic investors to:

  1. Validate its product market fit and continue market outreach in German speaking countries; 
  2. Reach 13.621 B2B users and 3.638 private users by 2023;
  3. Strengthen the team with new hires in sales and product ownership.

Find out more in their pitch deck and at: www.podit.fi 

In a global podcast market worth $11.46B in 2020 (+31% CARG/Year), Podit was founded in 2020 in Espoo, Finland. Podit is monetizing mainly through a B2B subscription charged to professionals or companies. Revenue growth is projected at 130% monthly, reaching €900k in 2024. Podit team of 5 combines 60+ years of commercial, audio and technology expertise. 

Key USPs versus competitors are: focus on quality business content, Podit Originals exclusive content, cost-efficient and tax-deductible product for corporate employers.

Podit has already raised €479k in private capital and grants to develop its MVP and start sales in Finland, which means that after this round they are fully ready for international commercialisation.

We aim to close this seed round as soon as possible and the -30% valuation offer is valid only until September 30, 2022. €25k is the minimum investment ticket size.

Ulla Koivula (Founder, CEO) and Mikko Huovinen (COO) are speaking with potential investors over the next few weeks and are keen to pitch, demo and open up their traction and financial plans in detail.

Get in touch with Marco Torregrossa to find out more.