Overview

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Status
Rdio has been closed and acquired
Total Equity Funding
$125.7M in 6 Rounds from 4 Investors
Headquarters:
San Francisco, CA
Description:
Rdio is a digital music service provider reinventing the way people discover, listen to and share music.
Founders:
, ,
Categories:
Digital Entertainment, Media and Entertainment, Music
Website:
http://www.rdio.com/
Social:

Company Details

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Rdio is the groundbreaking digital music service that has reinvented the way people discover, play, and share music. With on-demand access to over 12 million songs, Rdio connects people with music and makes it easy to search for and instantly play any song, album, artist or playlist without ever hearing a single ad. Discover what friends, people with similar tastes, recording artists and more are listening to in real-time and share across Twitter and Facebook. Build a digital music collection that's available everywhere - on the web, in-home or in-car, on an iPad or smartphone, and even offline.

Rdio's library includes content from major record labels, as well as Merlin, INgrooves, The Orchard, CD Baby, TuneCore, and Believe, in addition to independent labels and distributors across the world.

Launched in August 2010, Rdio is headquartered in San Francisco and was founded by Janus Friis, one of the creators of Skype. Currently available in 51 countries, Rdio is funded by Atomico, Janus Friis through his investment entities, Skype and Mangrove Capital Partners.

Funding Rounds (6) - $125.7M

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DateAmount / RoundValuationLead InvestorInvestors
Apr, 2014$25M / Private Equity0
Dec, 2013$4.4M / Private Equity0
Nov, 2013$3.8M / Private Equity0
Sep, 2013$75M / Private Equity0
Feb, 2011$17.5M / Venture3
Oct, 2009undisclosed amount / Seed3

Investors (4)

Acquisitions (2)

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DateAcquiredAmount
Jul 1, 2014Unknown
Mar 14, 2014Unknown

Competitors (5)

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  • MOG, a next-generation music media company, offers on-demand streaming music services through multi-platform access to a library of songs.
  • Pandora Radio is the custodian of the Music Genome Project and provides internet radio and recommendation services.
  • Rhapsody is a music subscription service that offers videos, playlists, reviews and radio stations.
  • SoundCloud is a social sound platform where anyone can create and share sounds.
  • Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists.

Offices/Locations (1)

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  • San Francisco Office

    1550 Bryant Street

    Suite 220

    San Francisco, CA 94103

    USA

Past Team (29)

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Past Event Appearances (1)

Images (4)

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