When was Readly founded?

Readly was founded in 2013 and raised its 1st funding round 2 years after it was founded.

Where is Readly located?

Readly is headquartered in Stockholm, Sweden.

How many employees does Readly have?

As of May 31, 2026, the latest employee count at Readly is 90.

Is Readly a funded company?

Readly is a funded company, having raised a total of $46.8M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Aug 27, 2015.

When was the latest funding round of Readly?

Readly's latest funding was a $***** Series B round on Jun 19, 2019, with participation from 3 investors.

Where does Readly rank among its competitors?

Readly ranks 2nd amongst 431 active competitors, of which 5 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Readly, which secured $16.8M in Jun, 2019.

Who are the top competitors of Readly?

Readly's top competitors include Cafeyn, Magzter and Zinio. Among them, Readly secured the most recent funding round in June, 2019.

Readly - 2026 Company Profile, Funding & Competitors

Readly is an acquired company based in Stockholm (Sweden), founded in 2013. It operates as an Online digital newsstand. Readly has raised $46.8M in funding from investors like Zouk Capital, Channel 4 and Aggregate Media. The company has 431 active competitors, including 5 funded and 13 that have exited. Its top competitors include companies like Cafeyn, Magzter and Zinio.

Company Details

Online digital newsstand. It enables users to read digital newsstands and magazines through the login or mobile application. Users can read news and articles based on various topics such as fashion and lifestyle, travel, and more. It provides features such as offline reading and sharing the subscription plan with friends or family. Available for iOS and Android devices.

Website: readly.com
Social

Key Metrics

Founded Year

2013

Location

Stockholm, Sweden

Stage

Acquired

Total Funding

$46.8M in 6 rounds

Latest Funding Round

Series B, Jun 19, 2019, $*****

Investors

Zouk Capital & 9 more

Ranked

2^nd among 431 active competitors

Employee Count

90 as on May 31, 2026

Investment & Acquisitions

Arcy

Similar Companies

Cafeyn & 403 more

Exit Details

Acquired by Bonnier (Mar 28, 2023)

View Readly's full profile

Readly got acquired by Bonnier on Mar 28, 2023.

Click here to take a look at Readly's acquisition in detail

Readly has raised a total funding of $46.8M over 6 rounds. Its first funding round was on Aug 27, 2015. Its latest funding round was a Series B round on Jun 19, 2019 for $*****. 3 investors participated in its latest round. Readly has 10 institutional investors.

Here is the list of recent funding rounds of Readly:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 19, 2019	5864557	Series B	9762336	1805701	7098547	6318532
Aug 30, 2018	6281557	Series B	8237802	3655061	3468873	Zouk Capital
May 17, 2017	7958873	Series B	7453085	7925824	Zouk Capital & 3 more	5187840

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View details of Readly's funding rounds and investors

Readly's employee count trend

Readly has 90 employees as of May 26. Here is Readly's employee count trend over the years:

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Top competitors of Readly include Cafeyn, Magzter and Zinio. Here is the list of Top 10 competitors of Readly, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cafeyn 2006, Paris (France), Series B	Online platform offering multiple magazine reading solutions	$10.9M	CM-CIC Capital Prive, Sigma Gestion & 4 others	69/100
2nd	Readly 2013, Stockholm (Sweden), Acquired	Online digital newsstand	$46.8M	Kreos Capital, AP3 & 8 others	68/100
3rd	Magzter 2011, Chennai (India), Acquired	Online digital newsstand for magazines and newspapers	$13M	Kalaari Capital, SPH Media	57/100
4th	Zinio 2001, San Francisco (United States), Acquired	A multi-platform distribution service for digital magazines	$54M	Western Technology Investment, Odyssey Investment Partners ... & 9 others	56/100
5th	Texture 2009, Menlo Park (United States), Acquired	SaaS-driven platform offering digital newsstand	$130M	Conde Nast, TimeInc & 4 others	49/100
6th	w2news 2019, Khulna (Bangladesh), Unfunded	App-based platform aggregating newspapers and magazines in a digital format	-	-	45/100
7th	FUJISAN MAGAZINE SERVICE 2002, Shibuya (Japan), Public	Digital newsstand for reading magazines	-	-	45/100
8th	Our Media Ltd Bristol (United Kingdom), Unfunded	Retailer of magazine subscriptions across various special interest content categories	-	-	44/100
9th	hube 2018, Rio De Janeiro (Brazil), Unfunded	App-based digital newsstand for magazines	-	-	43/100
10th	News Media Lists 2017, Bankstown (Australia), Unfunded	App-based platform aggregating newspapers and magazines in a digital format	-	-	42/100