0 Shares 78 Views

Paris-based Majelan snaps up €6 million to disrupt podcast industry – EU-Startups

Avatar
January 2, 2020
78 Views
majelan

French startup Majelan, the podcast distribution and production platform, has raised €6 million, bringing its total raised to €10 million.

The funds come from previous investors Idinvest Partners fund, and new investors Bpifrance. It’s also worth mentioning that French tech billionaire Xavier Niel, who we interviewed recently about his investment into the Paris scene, is also one of the shareholders, signalling the startup’s promise.

Majelan is a platform that stands at the crossroads between Netflix and Spotify. Founded in the summer of 2018, the concept is the brainchild of Mathieu Gallet, former CEO of Radio France, and Arthur Perticoz, entrepreneur behind Wynd. The platform pulls together thousands of podcasts from other platforms into one single interface, to improve the listening experience. Majelan is based on a ‘freemium’ model, with the premium offer including exclusive content accessible for €4.99 per month. In this context, the startup has launched its own audio content to compete with already well-established players such as Binge Audio and Louie Media. To date, the company claims to offer around thirty original and exclusive programmes on its platform.

The platform initially encountered some challenges, with some of the 13 million episodes it collated not wishing to appear on the platform. Defending his project against all odds, Mathieu Gallet also experienced difficulties with the Google Play Store platform in July.

“Podcasts are growing in popularity in France, with more than 4 million people in France listening each month, a 25% increase over last year. In the United States, where this market is more advanced, 73 million Americans already use podcasts every month”, said CEO Gallet.

Majelan will use its funds to boost its production of exclusive podcasts, and expand globally. The podcast market continues to grow, in the wake of 5G, smartphone developments and the convenience of being able to listen whilst completing other tasks such as commuting (in contrast to text/video which require a higher level of attention). In 2018, 27.9% of Europeans said they listened to podcasts, according to Statista, with the top countries being Spain, Ireland and Sweden.

You may be interested

Karunas, Tamimun Ansari meet CM; TN seeks nod for 4 new medical colleges – News Today
Entrepreneurship
24 views
Entrepreneurship
24 views

Karunas, Tamimun Ansari meet CM; TN seeks nod for 4 new medical colleges – News Today

Syndicated - January 9, 2020

File photo Chennai: MLAs Tamimun Ansari and Karunas today met Chief Minister Edappadi K Palaniswami at the Secretariat. It is said that they have sought an appointment for…

Comedian Rik Roberts to perform at CEO event – Washington Times Herald
Entrepreneurship
23 views
Entrepreneurship
23 views

Comedian Rik Roberts to perform at CEO event – Washington Times Herald

Syndicated - January 8, 2020

ODON — If you’re looking for a good laugh and good meal that supports a good cause, there’s still time to purchase tickets for An Evening with…

Sell your used phones from your doorstep (and other top stories of the day) – YourStory
Entrepreneurship
25 views
Entrepreneurship
25 views

Sell your used phones from your doorstep (and other top stories of the day) – YourStory

Syndicated - January 7, 2020

Have you ever sold or exchanged an old mobile phone?  If yes, you’re a part of a global industry that is estimated to reach $52.7 billion by 2022.…

Leave a Comment

Your email address will not be published.

DON’T MISS AN UPDATE

Read previous post:
Some success stories as start-up numbers grow – The Express Tribune

Start-ups bring innova­tive soluti­ons to every-day proble­ms of common citize­ns KARACHI: Tech start-ups have brought a revolution in Pakistan in the...

Close