What is Nextory?
Founded in 2015 by serial entrepreneurs Shadi Bitar and Ninos Malki, Nextory has rapidly evolved into one of Europe's largest streaming services for audiobooks, e-books, and digital magazines. The platform is dedicated to the unlimited distribution of stories and knowledge, fostering a passion for literature among its subscribers. Nextory aims to be an independent and accessible space for discovering new literary content, with a vision to promote reading globally to enhance well-being, personal development, and democratic engagement.
How much funding has Nextory raised?
Nextory has raised a total of $10M across 1 funding round:
Unspecified
$10M
Unspecified (2022): $10M with participation from Industrifonden, LK Finan, and Acacia
Key Investors in Nextory
Industrifonden
Industrifonden is a Swedish venture capital fund that invests in unique, scalable innovations aimed at improving society through breakthrough technologies and science. The fund focuses on areas such as deep tech, life sciences, and transformative tech, partnering with passionate founders to bring their ideas to life.
LK Finan
Undisclosed investor participating in the funding round.
Acacia
Undisclosed investor participating in the funding round.
What's next for Nextory?
The recent major strategic investment signals a new phase of growth for Nextory, likely enabling further platform development, content acquisition, and market penetration across Europe and potentially beyond. This enterprise-level funding suggests a focus on scaling operations, enhancing user experience, and solidifying its competitive edge against other digital content providers. Strategic partnerships and technological advancements are anticipated as the company leverages this capital to achieve its ambitious goals.
See full Nextory company page
