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Overview
Update- Headquarters:
- Stockholm, Stockholms Lan
- Description:
- Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists.
- Founders:
- Daniel Ek, Martin Lorentzon
- Categories:
- Cloud Computing, Video Streaming, Music
- Website:
- http://www.spotify.com
- Social:
Company Details
UpdateSpotify 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.
Social media integration is a popular feature that enables users to connect their Spotify accounts to their Facebook and Twitter profiles. This enables them to access their friends’ favorite music and playlists and share their choices with others as well. Spotify users can purchase their preferred content through partner retailers.
Spotify is available for mobile device platforms such as Android, Blackberry, Boxee, iOS, Linux, MeeGo, Squeezebox, Windows mobile, and more.
Funding Rounds (15) - $2.56B
Update| Date | Amount / Round | Valuation | Lead Investor | Investors |
|---|---|---|---|---|
| Jul, 2016 | undisclosed amount / Secondary Market | — | — | 3 |
| Mar, 2016 | $1B / Debt Financing | — | — | 2 |
| Jan, 2016 | $500M / Convertible Note | — | — | 0 |
| Jan, 2016 | undisclosed amount / Secondary Market | — | — | 1 |
| Aug, 2015 | undisclosed amount / Secondary Market | — | — | 2 |
| Jun, 2015 | $526M / Series G | — | — | 16 |
| Nov, 2014 | undisclosed amount / Secondary Market | — | — | 2 |
| Jan, 2014 | undisclosed amount / Secondary Market | — | — | 1 |
| Nov, 2013 | $250M / Series F | $4B | TCV | 1 |
| Nov, 2012 | $100M / Series E | — | Goldman Sachs | 6 |
| Jan, 2012 | undisclosed amount / Secondary Market | — | — | 1 |
| Jun, 2011 | $100M / Series D | — | Accel Partners | 4 |
| Feb, 2010 | €11.6M / Series C | — | Founders Fund | 2 |
| Aug, 2009 | $50M / Series B | — | Horizons Ventures | 3 |
| Oct, 2008 | $21.64M / Series A | — | — | 4 |
Investors (38)
Acquisitions (11)
Update| Date | Acquired | Amount |
|---|---|---|
| May 17, 2017 | niland | Unknown |
| Apr 26, 2017 | Mediachain | Unknown |
| Mar 27, 2017 | MightyTV | Unknown |
| Mar 7, 2017 | Sonalytic | Unknown |
| Nov 2, 2016 | Preact | Unknown |
| Apr 27, 2016 | CrowdAlbum | Unknown |
| Jan 20, 2016 | Cord Project | Unknown |
| Jan 20, 2016 | Soundwave | Unknown |
| Jun 24, 2015 | Seed Scientific | Unknown |
| Mar 6, 2014 | The Echo Nest | Unknown |
Investments (1)
| Date | Invested In | Round | Partner(s) |
|---|---|---|---|
| Jun, 2015 | Soundtrack Your Brand | $10.9M / Series B | — |
Current Team (76)
Update
Daniel Ek
Co-Founder & CEO
Martin Lorentzon
Vice Chairman
Angela Watts
VP, Marketing & Communications
Andy Wiggan
Project Manager- Payment Solutions
Alex Norstrom
Chief Premium Business Officer
Michael Abbattista
Global Head of Telecom/ISP Partnerships
Board Members and Advisors (10)
Update
Sameer Gandhi
Partner @ Accel Partners
Klaus Hommels
Founder & CEO @ Lakestar
Omid Kordestani
Member of the Board of Directors @ Spotify
Member of the Board of Directors (since 2014)
Products (3)
Update
Fan Insights
Fan Insights gives artists and their managers exclusive data about their audiences, including demographics, location, and listening counts.
Spotiamp
Spotiamp is an application allowing users to play the playlists on their Spotify Premium accounts by combining the classic Winamp interface.
Spotify Party
Spotify presents party-ready playlists mixed by exclusive DJs and tuned by users.
News (25,670)
Update| Date | News |
|---|---|
| May 19, 2017 | The Verge - Hype Machine is struggling to stay online, and that’s a shame |
| May 19, 2017 | TIME - The Best Wireless Speakers You Can Buy Right Now |
| May 18, 2017 | Tech.eu - Spotify acquires Paris-based AI search startup Niland.io |
| May 18, 2017 | niland.io - Niland joins Spotify |
| May 18, 2017 | press.spotify.com - Niland team joins Spotify |
| May 15, 2017 | The Standard - Entrepreneurs: The holiday fanatic curating the finest stays in the capital |
| May 15, 2017 | PRNewswire All - Lithium Opens Voting For 2017 Lithy Awards |
| May 10, 2017 | TechCrunch - Spotify partners with Capital One to offer half-price premium subscriptions |
Competitors (11)
Update
8tracks Radio
8tracks is an internet radio and social network that streams user-curated song playlists that contain at least 8 tracks.
Apple
Apple is a multinational corporation that designs, manufactures, and markets consumer electronics, personal computers, and software.
BABOOM
Empowering artists and fans. BABOOM is aiming to blast the current music industry model and give artists the power to control their career.
Deezer
Deezer is an online platform and app that provides songs from a variety of genres.
Grooveshark
Grooveshark is a free web-based music application that enables internet users listen to music on-demand.
LIME Music Library
LIME Music Library is an exclusive library that offers a collection of music for placement in TV, film, and advertising.
Pandora
Pandora provides internet radio and recommendation services.
Rakuten
Rakuten is a tech company that offers electronic commerce solutions in Japan and internationally.
Partners (4)
Update
Dubset Media Holdings, Inc.
Solving complexities behind rights-holder identification, licensing and distribution associated with derivative content across all media
Capital One
Capital One is a diversified banking company that offers early and later stage venture, and debt financing investments.
Waze
Waze is a mobile navigation app that enables drivers to use live maps, and get real-time traffic updates and other road data.
Merlin Network
Merlin enables independent music artists to overcome the historical problems of market fragmentation.
Offices/Locations (7)
UpdateOffice
20, rue Cambon
Paris, Ile-de-France 75001
France
Office
22 av. Marie-Thérèse
L-2132
Luxembourg, Luxembourg
Luxembourg
Office
Hillegomstraat 12-14
Amsterdam, Noord-Holland 1058LS
The Netherlands
Spotify NY
45W 18th Street
7th floor
New York, New York 10011
United States
Office
St. Olavs plass 2
Oslo, Oslo 0165
Norway
Office
Eloy Gonzalo, 27, 6º
Madrid, Madrid 28010
Spain
Office
Birger Jarlsgatan 61
Stockholm, Stockholms Lan 114 34
Sweden
Past Team (55)
Update
Nevyn Bengtsson
CTO @ Lookback
Mike Berkley
SVP Product Management @ Viacom
Erik Bernhardsson
Head of Engineering @ Better Mortgage
Event Appearances (15)
Upcoming Event Appearances (2)
Dmexco 2017
September 13, 2017 - September 14, 2017
Koelnmesse GmbH, Messeplatz 1 50679, Cologne, Nordrhein-Westfalen, Germany
The global business and innovation platform of the digital economy.
Past Event Appearances (13)
Agile Coach Camp 2017 on Apr 28, 2017
Droidcon Boston 2017 on Apr 10, 2017
MMA Leadership Forum Brasil 2017 on Apr 10, 2017
Awards (1)
- Best International Startup | NomineeAwarded at: 8th Annual Crunchies Awards on Feb 5, 2015
