Digital Media Startup Readly Secures $14 Million

Readly announced it has raised $14 million in Series B financing. Four investors participated in the funding, among them Zouk Capital and Hermes GPE.

Readly is Europe’s largest magazine delivery platform, with more than 2.000 of the best international magazines available on users’ tablets and smartphones. As a market leader in digital publishing, Readly offers unlimited access to a portfolio of current and past issues. The Readly app features easy navigation, the option to read offline, and the ability to use up to five devices at the same time. Founded in Sweden in 2012, Readly has international offices in Germany, the UK, and the US.

The company will use the funds to accelerate its international expansion and support growth in its existing markets.