Overview

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Acquisitions
6 Acquisitions
Total Equity Funding
$1.56B in 8 Rounds from 27 Investors
Headquarters:
Stockholm
Description:
Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists.
Founders:
,
Categories:
Cloud Computing, Video Streaming, Music
Website:
http://www.spotify.com
Social:

Company Details

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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.

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 (13) - $2.56B

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DateAmount / RoundValuationLead InvestorInvestors
Mar, 2016$1B / Debt Financing2
Jan, 2016$500M / Convertible Note0
Aug, 2015undisclosed amount / Secondary Market2
Jun, 2015$526M / Series G14
Nov, 2014undisclosed amount / Secondary Market2
Jan, 2014undisclosed amount / Secondary Market1
Nov, 2013$250M / Series F$4B1
Nov, 2012$100M / Series E6
Jan, 2012undisclosed amount / Secondary Market1
Jun, 2011$100M / Series D3
Feb, 2010€11.6M / Series C2
Aug, 2009$50M / Series B3
Oct, 2008$21.64M / Series A4

Acquisitions (6)

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DateAcquiredAmount
Apr 27, 2016Unknown
Jan 20, 2016Unknown
Jan 20, 2016Unknown
Jun 24, 2015Unknown
Mar 6, 2014Unknown
May 3, 2013Unknown

Investments (2)

DateInvested InRoundPartner(s)
Jun, 2015$10.9M / Series B
Dec, 2014£4.5M / Venture

Current Team (65)

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Products (3)

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  • Fan Insights gives artists and their managers exclusive data about their audiences, including demographics, location, and listening counts.
  • Spotiamp is an application allowing users to play the playlists on their Spotify Premium accounts by combining the classic Winamp interface.
  • Spotify presents party-ready playlists mixed by exclusive DJs and tuned by users.

Competitors (8)

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  • 8tracks is an internet radio and social network that streams user-curated song playlists that contain at least 8 tracks.
  • Empowering artists and fans. BABOOM is aiming to blast the current music industry model and give artists the power to control their career.
  • Deezer is an online platform and app that provides songs from a variety of genres.
  • Grooveshark is a free web-based music application that enables internet users listen to music on-demand.
  • Pandora Radio is the custodian of the Music Genome Project and provides internet radio and recommendation services.
  • Rdio is a digital music service provider reinventing the way people discover, listen to and share music.
  • simfy is an online music platform enabling users to stream, share and store music.
  • SoundCloud is a social sound platform where anyone can create and share sounds.

Offices/Locations (7)

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  • Office

    20, rue Cambon

    Paris, 75001

    FRA

  • Office

    22 av. Marie-Thérèse

    L-2132

    Luxembourg,

    LUX

  • Office

    Hillegomstraat 12-14

    Amsterdam, 1058LS

    NLD

  • Spotify NY

    45W 18th Street

    7th floor

    New York, New York 10011

    United States

  • Office

    St. Olavs plass 2

    Oslo, 0165

    NOR

  • Office

    Eloy Gonzalo, 27, 6º

    Madrid, 28010

    ESP

  • Office

    Birger Jarlsgatan 61

    Stockholm, 114 34

    SWE

Awards (1)

Images (3)

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