French firm LeKiosk has raised $7.1m of Series B funding for its digital magazine store, which launched on iPad in January 2011 in its native country, before expanding abroad earlier this year.

Just like Spotify for music, LeKiosk charges its users a flat monthly subscription fee for access to a range of magazines from major publishers, including Conde Nast, BBC Worldwide and Dennis Publishing – although it also offers one-off issue purchases.

TechCrunch has some stats on LeKiosk’s growth: 500k downloads in its first year, and 700k now, with 100k users having paid for individual digital issues, and 30k signing up for the monthly subscriptions.

That’s equating to €6m of projected revenues in 2012, up from €1.4m in 2011, although the article suggests LeKiosk isn’t expecting to be profitable until 2014.