Mofibo Books ApS
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Mofibo Books ApS - overview
Established
2013
Location
Copenhagen, -, Denmark
Primary Industry
Internet
About
Mofibo Books ApS is a digital platform that specializes in providing a vast selection of audiobooks and e-books, enhancing accessibility to literature for readers and listeners alike. Founded in 2013, Mofibo Books ApS operates as a subscription-based service focusing on audiobooks and e-books. The company is headquartered in Copenhagen, Denmark, and was acquired by Storytel AB in May 2016 for GBP 10 million. The firm has engaged in two notable deals since its inception.
The CEO, Rasmus Lindstrøm, leads the company which primarily serves the Danish market and select European regions. Mofibo offers a diverse range of digital products centered around audiobooks and e-books, with an extensive catalog of over 600,000 titles across various genres. Their platform enables users to download content for offline enjoyment on multiple devices, enhancing user convenience. Mofibo also features a "Kids Mode" for safe access tailored for younger audiences.
In the most recent year reported, Mofibo generated revenue of GBP 13,592,429. 10 with an EBITDA of GBP 586,989. 30, both recorded in 2019. Following its acquisition by Storytel AB, Mofibo plans to leverage its resources for further expansion into new European markets, with specific strategies aimed at enhancing product offerings and capabilities.
The recent funding from the acquisition will be utilized to support the development of new subscription plans and innovative features, enhancing user engagement in the coming years.
Primary Industry
Internet
Sub Industries
Web Applications
Website
mofibo.com
Verticals
E-commerce
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Mofibo Books ApS - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 712,973 | 5,300,209 | 15,296,000 | 23,684,000 | 30,580,000 | - | - | - |
| % Revenue Growth (YoY) | - | 643.4% | 188.6% | 54.8% | 29.1% | - | - | - |
| EBITDA (USD) | (580,372) | (2,087,996) | (1,691,000) | - | 887,000 | - | - | - |
| Operating Income (USD) | (580,372) | (2,087,996) | (1,691,000) | - | 887,000 | - | - | - |
| Operating Margin | (81.4%) | (39.4%) | (11.1%) | - | 2.9% | - | - | - |
| % EBITDA Margin | (81.4%) | (39.4%) | (11.1%) | - | 2.9% | - | - | - |
| NET Income (USD) | (599,576) | (2,161,382) | (1,722,000) | 110,000 | 910,000 | - | - | - |
| % Net Margin | (84.1%) | (40.8%) | (11.3%) | 0.5% | 3.0% | - | - | - |
Mofibo Books ApS - employee data
Mofibo Books ApS - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman Of The Board | BM |
BM Board Member
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