Overview

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Status
Acquired by on March 1, 2011
Total Equity Funding
$51M in 6 Rounds from 10 Investors
Headquarters:
New York, New York
Description:
Thumbplay is a cloud-based music subscription service that provides audio, video and gaming content for mobile device users.
Founders:
,
Categories:
Photography, File Sharing, Cloud Computing, Video, Music, Mobile
Website:
http://www.thumbplay.com
Social:

Company Details

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Thumbplay is a provider of mobile entertainment in the U.S. Thumbplay.com features licensed music, video and games from several large entertainment companies, including: EMI, Sony Music Entertainment, Universal Music Group and Warner Music Group.

Thumbplay Music — which launched in private beta on January 7, 2010 and in public beta on March 4, 2010 — is a cloud-based music service that provides unlimited access to more than 8 million songs under license from every major record label and more than 25,000 indie labels. The mobile app is currently available on BlackBerry and Android smartphones and PCs/Macs. It will be available on iPhone within the first half of 2010.

Headquartered in New York City, Thumbplay was founded in September 2004 by Are Traasdahl and Evan Schwartz. Investors include Bain Capital Ventures, SoftBank Capital, i-Hatch Ventures, Redwood Partners, New Enterprise Associates, Meritech, Brookside Capital Partners and Cross Creek Capital.

Funding Rounds (6) - $51M

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DateAmount / RoundValuationLead InvestorInvestors
Apr, 2010$2.5M / Series F0
Mar, 2009$8M / Series F6
Mar, 2008$18M / Series E2
Oct, 2006$15M / Series C4
Dec, 2005$7.5M / Series B2
Nov, 2004undisclosed amount / Venture2

Current Team (3)

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Board Members and Advisors (4)

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Competitors (4)

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  • Lala, an online music discovery platform, allows users to create shareable playlists and stream, upload and purchase music tracks.
  • Napster is a web browser enabling users to discover, listen and share music files with others.
  • Rhapsody is a music subscription service that offers videos, playlists, reviews and radio stations.
  • 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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  • Office

    599 Broadway

    8th Floor

    New York, New York 10012

    United States

Images (4)

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