Nextory operates a digital platform through which users can read or listen to books on a subscription basis. The company positions itself as a premium alternative in the Nordic and broader European book-streaming market. Management plans to deploy newly raised funds to deepen penetration in existing territories while entering new markets and continuing product development. CEO Shadi Bitar reports that margins improved year-over-year and that the business is growing quickly, with expectations for double-digit revenue growth over the current year. Looking ahead to 2026, the team aims to further accelerate growth. Following the latest financing, the company is valued at SEK 650 million, roughly half of its 2022 valuation. The strengthened balance sheet, combined with improving margins, supports Nextory’s expansion strategy.

Total raised

$17M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2026