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.