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Spotify

company

About

Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists.

  • 5001 - 10000

Highlights

Total Funding Amount
$1.54B
Funding Rounds
3
Investors
3
Investments
1
Lead Investments
1
Acquisition
1

Details

Last Funding Type
Secondary Market
Last Funding Money Raised
$21.64M
Industries
Audio,Cloud Computing,Music,Music Streaming
Founded date
Apr 23, 2006
Number Of Employee
5001 - 10000
Operating Status
Active

Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists. Users can browse through the interface by artist, album, genre, playlist, record label, and direct searches.

It also enables individuals to create, share, and edit playlists with other users. If users want recommendations, they can integrate their system with Last.fm, an application that provides music recommendations based on listening history. The radio feature installed in Spotify creates random playlists for its users that are related to preferred artists.

Spotify is available for mobile device platforms such as Android, Blackberry, Boxee, iOS, Linux, MeeGo, Squeezebox, Windows mobile, and more.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$1.54B
Spotify has raised a total of $1.54B in funding over 2 rounds. Their latest funding was raised on Mar 30, 2016 from a Debt Financing round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Mar 30, 2016 Debt Financing $1B 1 — — Detail
Jun 10, 2015 Series G $526M 1 — — Detail
May 15, 2014 Secondary Market $21.64M 1 — — Detail

Investments

Number of Investments
Number of Lead Investments
1
1
Spotify has made 1 investments. Their most recent investment was on Apr 22, 2019, when Artory raised $7.30M.
Date Company Name
Round Money Raised Industry Lead Investor
Apr 22, 2019 Artory
Series A $7.30M Art Yes

Investors

Number of Lead Investors
Number of Investors
—
3
Spotify is funded by 3 investors. TPG and Asset Management Partners are the most recent investors.
Investor Name Lead Investor Funding Round
TPG — Debt Financing
Asset Management Partners — Series G
Click Ventures — Secondary Market

Acquisition

Spotify has acquired 1 organizations. Their most recent acquisition was Mediachain on Apr 26, 2017. They acquired Mediachain for 0.

Date Company Name
Industry Acquisition Type Price
Apr 26, 2017 Mediachain
Art acquisition — Detail
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