They are running a magazine subscription flatrate app,
which includes the unlimited access to more than 2100 magazines.
Here is the interview with Philipp Graf Montgelas, CMO Readly and Managing Director DACH– have a look at the team and their office in Berlin.
Philipp, please tell us something about Readly. When was the company founded?
Where is it located?
Readly is the new way of reading magazines on tablets and smartphones.
We offer a Magazine Subscription in providing unlimited, “all-you-can-read” access to more than 2.100 of the best international magazines.
Readly was founded in 2012 in Sweden, today has offices in Sweden, UK, Germany and the US and a rapidly growing user base with users out of more than 50 countries worldwide.
What is your core business?
Readly is a digital reading service that provides customers with unlimited, “all-you-can-read” access to thousands of international magazines within one App for 9.99 Euro a month.
“Available for both on- and off-line use, the service is easy-to-use and convenient.”
The Readly platform is family friendly, allowing up to five different profiles, and features enhanced mobile reading functions, as well as advanced search, a recommendation engine and sharing tools.
How did you get to your business idea and when was your company established?
“The idea was formed in a pool chair in Cyprus spring 2012 when the founder Joel was on vacation with his family.”
While reading the magazines brought on the trip over and over again, fresh streaming music kept playing without interruption. Dots were connected and the idea of unlimited access to magazines was born.Are you using Venture Capital? And if so – who are your Venture Partners?
In May we have secured 13 million euros in funding. The investors included Zouk Capital, Hermes GPE, Channel 4’s Commercial Growth Fund and Aggregate Media Fund.
“Since 2015 when we already landed $25 million in funding…”
.. from North Bridge Growth Equity, we have been using the infusion of capital to increase the pace of innovation and introduction of new product offerings, and to fuel international expansion.
In which countries are you active? Are you planing to expand your venture in other countries? And if so – where?
Currently our core countries are Sweden, the UK and Germany, we are also active in Austria and Ireland.
Still, we have a rapidly growing user base in more than 50 countries, making us Europe’s leading digital platform for reading magazines online.
We are focusing on international growth and looking to roll out into other territories.
Where do you see the company in 5 years?
Readly is changing the way how people discover and read magazines all over the world.
We will be on the cutting edge of the digital magazine revolution.
How many employees work at your company right now?
A great team of 33 people is working in our offices in Sweden, Germany, UK and the US.
We are currently looking for great people to join our teams in Sweden and Germany mainly.
What is the average age of your team members ?
What kind of attitude should new employees have in order to work at your company?
Readly is highly user-centric and we deeply believe we can innovate the way to read.
Working with us demands innovation, reliability and willingness to understand the
complex process of digitization of the media industry.
We love the spirit of a truly international and fast growing start-up.Why is it fun to work at your company? Do you offer any employee benefits?
You will work together with a very likable Team, which is enthusiastic about magazines and apps.
Our company can give you a great insight into trending topics as the digitization of media, publishing or mobile development and direct access to your favourite magazines and more than 2.100 top titles.
How big is your Office?
Approximately 125 square meters.
Did you get help from an interior designer by designing the office?
We are very hands-on and do these things ourselves.
Thank you Team Readly for this interview & the photoshooting!
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