Legimi

Legimi S.A. operates as a digital library service, providing customers with access to a vast catalog of ebooks and audiobooks through a subscription-based model. The company's history began in 2007, with the initial system designs being developed by co-founders Mikołaj Małaczyński and Mateusz Frukacz. The company was officially registered in January 2009 after securing an investor.

The founders, both graduates of the Faculty of Computing Science and Management at Poznań University of Technology, brought a strong technical background to the venture. Małaczyński, serving as Chairman of the Management Board, is a software engineer and a prize winner of international IT competitions, including the Microsoft Imagine Cup world finals. Frukacz, a Member of the Management Board, is a designer and analyst of IT systems with extensive experience in mobile technologies. Their expertise has been pivotal in shaping Legimi's strategic direction and product development.

Legimi's business model is centered on offering tiered subscription plans, often compared to a 'Spotify for ebooks'. These plans provide users with access to a certain number of pages or unlimited reading and listening for a monthly fee. Revenue is generated through these direct-to-consumer subscriptions, which can be purchased via its website or mobile apps. The company also establishes B2B partnerships, including collaborations with mobile carriers like Play and T-Mobile, allowing users to bundle the service with their phone bills. Additionally, Legimi provides solutions for companies as employee incentive programs and for public libraries as a digital lending platform.

The service is accessible across multiple devices, including smartphones, tablets, computers, and dedicated e-readers, with cloud-based synchronization that remembers the user's last-read page. A key feature is the "synchrobook®," which allows users to seamlessly switch between the ebook and audiobook versions of a title. For publishers, Legimi operates on a commission model for individual file sales and a DRM-protected model for its subscription service. The platform boasts a catalog of over 250,000 titles from numerous Polish publishers and has expanded its services internationally, notably launching in Germany in 2016. Since 2021, Legimi has been a publicly traded company on the Warsaw Stock Exchange's NewConnect market.

Keywords: ebook subscription, audiobook service, digital library, Legimi, Mikołaj Małaczyński, Mateusz Frukacz, pay-per-read, synchrobooks, e-reader, mobile reading, digital publishing, Polish startup, Warsaw Stock Exchange, B2B library solutions, corporate wellness, online bookstore, cloud reading, EPUB, MOBI, DRM, text-to-speech, book streaming