WAN-IFRA

Shaping the Future of the Newspaper

Date

Sun - 31.08.2014


Lekiosk

Lekiosk, the French virtual newsstand app that lets readers subscribe to several magazines for a flat rate, has just been refuelled, and is ready to grow. The company is moving forward with €5.6 million in second-round funding, PaidContent has reported— an investment that will serve “to fuel growth and global expansion and to invest in product development,” according to co-founder Michael Philippe.

We last wrote about the startup in June, when it launched an English version for the UK market. There, Lekiosk partnered right off the bat with publishers such as IPC Media and Condé Nast, offering British users its characteristic bundle of ten magazine subscriptions at the price of £9.99 per month (in France it is ten for €10). Philippe told us at the time that they were off to “a very good start.” He said that they were preparing for further international expansion, with plans to conquer Italy by the fall, and additional European countries in 2013.

Author

Emma Knight's picture

Emma Knight

Date

2012-11-14 17:45

Lekiosk, a French iOS app that offers bundle deals on magazine subscriptions, makes its UK début today.

Michael Philippe, 25, one of the start-up’s quartet of young founders (the company's CEO, Ari Assuied, is the eldest at 33), said in an interview with WAN-IFRA this afternoon that publishers including the BBC, Condé Nast, IPC Media and Dennis had already signed on, giving British consumers an initial 100 titles to choose from, such as Vogue, Wired UK, and Marie Claire. “We’re fairly confident that by the end of the year we’ll have close to 200 titles on the platform,” he said, calling it “a very good start.”

The French app, originally called Lekiosque, has been downloaded half a million times since its launch in January 2011. The idea was born in 2007, while Philippe was still in university. Frustrated by his inability to get his hands on a copy of French magazine Le Point while doing an internship in New York, he called his brother and best friend in Paris, and they came up with the idea of reproducing a French newsstand anywhere in the world.

Author

Emma Knight's picture

Emma Knight

Date

2012-06-11 18:48

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