Storytel

About

Storytel is a provider of a phone-based audiobook and e-book streaming services.

Stockholm,Stockholms Lan,Sweden
501 - 1000
https://www.storytel.com

Highlights

Details

Last Funding Type: Post-IPO Equity
Last Funding Money Raised: kr400M
Industries: Audiobooks,EBooks,Mobile Apps,Publishing,Subscription Service
Founded date: Jan 1, 2005
Number Of Employee: 501 - 1000
Operating Status: Active
Stock Symbol: fra:DST
Legal Name: Storytel AB

Storytel is a provider of audiobook and e-book streaming services. The company offers unlimited streaming to consumers in 20+ markets. With Storytel, users can discover award-winning detective stories, dizzying novels, or powerful biographies, and easily sort books in Swedish, English, Arabic, Danish or Finnish.

Storytel was founded in 2005 and has since been a leader in subscription services for audiobooks and e-books. The company is established in Sweden, Denmark, Norway, Holland, and Poland. Since 2015 Storytel has also been the publisher of the physical books for the acquisition of publishing houses Massolit and B. Wahlstrom.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

8

kr1.37B $12M €138M

Storytel has raised a total of kr1.37B $12M €138M in funding over 2 rounds. Their latest funding was raised on Nov 9, 2022 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 9, 2022	Post-IPO Equity	kr400M	5	—	—	Detail
Sep 7, 2021	Post-IPO Equity	€138M	1	EQT AB	—	Detail
Jun 3, 2020	Post-IPO Equity	—	1	—	—	Detail
Feb 20, 2020	Post-IPO Equity	kr0.94B	3	—	—	Detail
Apr 26, 2019	IPO	—	—	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

2

0

Storytel has made 2 investments. Their most recent investment was on Nov 8, 2022, when doola raised $8M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Nov 8, 2022 doola	Series A	$8M	Business Development	—
Feb 1, 2022 CertifyOS	Seed	$4.55M		—

Investors

Number of Lead Investors

Number of Investors

1

13

Storytel is funded by 13 investors. C WorldWide Asset Management and EQT AB are the most recent investors.

Investor Name	Lead Investor	Funding Round
C WorldWide Asset Management	—	Post-IPO Equity
EQT AB	—	Post-IPO Equity
Otava	—	Post-IPO Equity
Richard Båge	—	Post-IPO Equity
Roxette Photo	—	Post-IPO Equity
Stefan Blom	—	Post-IPO Equity
Swedbank Robur	—	Post-IPO Equity
TIN Fonder	—	Post-IPO Equity
Vitruvian Partners	—	Post-IPO Equity
Svenska Handelsbanken	—	Post-IPO Equity

Employee Profiles

Number of Employee Profiles

12

Storytel has 12 current employee profiles, including Board member Stefan Blom

Board member

Board member

Board member

Executive

Executive

Acquisition

Storytel has acquired 13 organizations. Their most recent acquisition was Mofibo on May 20, 2016. They acquired Mofibo for 0.

Date Company Name	Industry	Acquisition Type	Price
May 20, 2016 Mofibo	Digital Media	acquisition	—	Detail
Jun 22, 2016 Norstedts	Events	acquisition	£ 12.50M	Detail
Feb 1, 2017 Kontentan	E-Commerce	acquisition	—	Detail
Mar 2, 2017 People'sPress	Publishing	acquisition	kr 75M	Detail
Sep 19, 2017 Skynjun	E-Commerce	acquisition	—	Detail