Storytel Sweden AB
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Storytel Sweden AB - overview
Established
2005
Location
Stockholm, -, Sweden
Primary Industry
Media
About
Based in Stockholm, Sweden, and founded in 2005, Storytel Sweden AB is an e-book streaming company that provides a streaming subscription service for audiobooks and e-books. The company was founded by Jonas Tellander and Jon Hauksson. Storytel Sweden AB completed its IPO in December 2018 when it commenced trading on the Nasdaq First North in Stockholm, Sweden, under the ticker symbol STORY B. As of September 2021, the company operates in over 20 markets around the world with Jonas Tellander as its CEO.
Furthermore, EQT acquired Storytel Sweden AB in September 2021. Storytel Sweden AB provides a streaming subscription service that enables users to listen to audiobooks and read e-books via mobile applications. It offers various genres including children's books, erotic, classic, novels, romance, biographies, facts, poetry, language, religion, fantasy, suspense, finance, history, personal development, and young adults. In 2020, Storytel Sweden AB generated SEK 2.
338 billion in revenue. It mainly generates revenue from its subscription service which is paid monthly. In 2021, Storytel Sweden AB continues its goal of expanding the business through long-term investments and acquisitions to grow its streaming revenues to BSEK 30 billion by 2030.
Current Investors
Swedbank Robur, Handelsbanken Capital Markets
Primary Industry
Media
Sub Industries
Multimedia & Graphics, Digital Media
Website
www.storytel.se
Verticals
Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Storytel Sweden AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE, Secondary Buyout | Completed | Storytel Sweden AB | - |
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