Copenhagen, Denmark - October 3, 2024 - Concept X, a leading innovator in the digital advertising space, is proud to announce the sale of its former portfolio company, Podads, to European podcast giant Podimo. This strategic acquisition ensures Podads' continued growth while positioning Concept X to pursue new investment opportunities within the ad tech and digital media sectors.
Launched in 2020, Podads rapidly gained traction in Denmark’s podcast advertising market. Concept X immediately recognised the potential in Podads' vision to transform the space, offering more than just financial backing. With Concept X’s decade-long expertise, the company provided strategic guidance, operational support, and crucial industry connections to help scale Podads from an early-stage startup to a market leader.
“We’re incredibly grateful that we had the opportunity to join Podads from the very beginning of this exciting journey,” said Jens Holm, CEO of Concept X. “It’s been a fun and educational experience for both teams. Our role was clear - to support Podads through the early challenges and help them scale, and we’re thrilled to have seen them grow to this stage.”
With Podads firmly established, the next logical step was to join forces with Podimo, Europe’s premier podcast platform. This partnership provides the perfect environment for Podads to expand into new growth areas.
"Podimo is the perfect partner to take Podads to the next level, and we’re proud to have been a part of this incredible journey," Holm continued. "Working closely with Anne-Kathrine and the rest of the Podads team was a pleasure - thanks for the journey guys, it was a great ride.
As Concept X exits its involvement with Podads, the company is eager to focus on fresh opportunities. Having proven its expertise in taking startups from the ground floor to market leadership, Concept X actively seeks new ventures, particularly companies looking to accelerate their journey towards Series A funding.
"At Concept X, we specialise in partnering with visionary startups and taking them through key growth phases - particularly toward Series A and B funding," Holm emphasised. "We’ve demonstrated with Podads how we can accelerate success, and we are ready to do it again with new companies that want to scale quickly and efficiently."
More than just an investor, Concept X brings operational excellence, deep industry insights, and a robust network of market influence to its partnerships. With a focus on adding long-term value, Concept X is uniquely positioned to be the ideal partner for ad tech and digital media startups seeking sustainable, scalable growth and success.
For more information about investment opportunities, please contact:
Jens Holm, CEO, Concept X
+45 2827 0193
info@conceptx.com
About Concept X
Founded in 2012, Concept X is a pioneering force in the digital advertising space, dedicated to simplifying the buyer journey and driving innovation. Concept X focuses on helping early-stage startups scale through Series A and B funding, providing strategic guidance, operational support, and access to an extensive network of industry contacts.