Total amount raised
$34.8 Million
Latest funding date
06/01/2018
Location
Blinkist has successfully raised funding over 5 rounds, with the latest being a Series C round led by Insight Partners. The platform offers summaries of bestselling non-fiction books and podcasts, allowing users to grasp key insights in just 15 minutes.
Keep reading to explore the intricacies of Blinkist's fundraising journey and the investors backing this innovative platform.
What Is Blinkist?
Blinkist, based in Berlin, Germany, operates in the books, education, and mobile apps industries. The company offers an app that provides key insights from non-fiction books in just 15 minutes. Blinkist has between 101-250 employees.
Founded by a team of innovators, Blinkist has been acquired by Go1 and continues to thrive in the market. The platform is designed to help users learn faster and smarter, with a library of over 9,000 titles and personalized recommendations.
How Much Funding Has Blinkist Raised?
- Seed Round
- Amount Raised: EUR 147,000
- Date: August 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the Blinkist app and launch it in the market.
- Seed Round
- Amount Raised: EUR 1,800,000
- Date: November 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the app's features and grow the user base.
- Series A Round
- Amount Raised: EUR 4,000,000
- Date: January 2016
- Lead Investors: Greycroft, Headline
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance content offerings.
- Series B Round
- Amount Raised: USD 9,000,000
- Date: January 2017
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and improve the app's technology.
- Series C Round
- Amount Raised: USD 18,800,000
- Date: June 2018
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow the Berlin-based team, establish Country Managers, scale the international customer base, and improve the product.
Total Amount Raised: USD 35,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in growth-stage technology and software companies.
- Investment Focus Areas: Technology, Software, Internet
- Notable Investments: Twitter, Shopify, DocuSign
- Greycroft
- Details: Greycroft is a venture capital firm focused on investments in the internet and mobile markets.
- Investment Focus Areas: Internet, Mobile, Media
- Notable Investments: Venmo, The RealReal, Scopely
- Headline
- Details: Headline is a global venture capital firm investing in early-stage technology companies.
- Investment Focus Areas: Technology, Consumer, Enterprise
- Notable Investments: Bumble, Sonos, Farfetch
What's Next for Blinkist?
As Blinkist looks to the future, the opportunities for growth are vast. The company plans to expand its team in Berlin, establish country managers for individual markets, and scale its international customer base. With over 6 million users globally, the potential for growth is significant. Additionally, Blinkist aims to localize its content into more languages and explore new delivery formats beyond text and audio.
Future fundraising opportunities seem promising, given the successful Series C round and the involvement of prominent investors. Blinkist's unique value proposition and growth potential make it an attractive candidate for further investment or strategic acquisitions. However, the company will need to navigate challenges such as competition from other learning platforms, maintaining content quality, and managing rapid growth effectively.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Blinkist and gather other critical business insights. Sign up for free and start making data-driven decisions today.
