Insight backs $18.8m series-C for Blinkist

Existing investors Greycroft, IBB Beteiligungsgesellschaft and EVentures also took part in the financing.

The fresh capital will be used to expand the company's Berlin-based team, hire country managers for individual markets and scale its international customer base.

The application is currently available in English and German but the company has plans to offer the service in additional languages.

Previous funding
IBB and MGO Digital Ventures led a €1.8m seed round for Blinkist in December 2013. Both investors returned to take part in the €4m series-A in January 2016, led by EVentures and Greycroft.

EVentures and Greycroft invested a further $9m in the company's series-B in January 2017.

Company
Blinkist is a Berlin-based software developer. The company makes an application that summarises (mainly non-fiction) books into 15-minute audio or text-based digests. Blinkist can be downloaded for free and free users get access to one book per day. Premium members pay £59.99/year or £11.49/month for unlimited access to 2,500 titles.

People
Insight Venture Partners – Harley Miller (vice-president); Nicolas Wittenborn (vice-president).
Blinkist – Holder Seim (CEO); Niklas Jansen (managing director); Tobias Balling (CTO).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• Venture
• Insight Venture Partners