Ztory
Subscription service for reading hundreds of magazines on your tablet, smartphone and computer.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
| SEK | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 42 % | 37 % | (37 %) | 23 % | - | (53 %) | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (35 %) | (23 %) | (57 %) | (107 %) | (45 %) | (41 %) | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Ztory was a digital subscription service offering an all-you-can-read model for magazines, newspapers, and children's books. Founded in 2013 by Nima Samimi, Staffan Svantesson, Daniel Malmqvist, and Martin Samami, the company operated out of Karlstad, Sweden. The platform provided users with unlimited access to its content library on tablets and mobile devices for a monthly fee of 99 SEK.
The business targeted consumers looking for a consolidated and convenient way to access a variety of digital publications. Ztory's service was built around a user-friendly format, aiming to provide an accessible reading experience. The company secured a seed round of funding in September 2014 and operated as a venture-capital-backed startup. By its latest audited fiscal year before its acquisition, Ztory had a turnover of SEK 5.4 million.
In January 2019, Ztory was acquired by Storytel, a major player in the digital book and audiobook market. The acquisition was a strategic move for Storytel to broaden its product line beyond audiobooks and strengthen its position in the digital content space by incorporating Ztory's portfolio of magazines and newspapers. Following the acquisition, Ztory's CEO, Daniel Malmqvist, continued with the Storytel Group to lead the development of the Ztory service. Founder Nima Samimi and former CTO Martin Samimi also transitioned into consultant roles to ensure a smooth integration.
Keywords: digital magazines, newspaper subscription, digital children's books, all-you-can-read, subscription service, digital publishing, mobile reading, Ztorylabs AB, Storytel acquisition, Nima Samimi, Staffan Svantesson, Daniel Malmqvist, Martin Samami, publishing technology, content aggregation, digital media