Spotify

Spotify, headquartered in Stockholm, Sweden, is a global music streaming service provider. As of 2023, it has 602 million monthly active users. The company offers on-demand access to songs across various devices, enabling users to search, discover, and share music. It also provides artists with tools to share their work and promote their careers. Spotify generates revenue through a paid subscription model, known as Spotify Premium, and an ad-supported service. In 2023, these models contributed to 86% and 14% of its total revenue, respectively.

Christian Luiga

CFO, Finance

Nora Rose

CEO

Past deals in Music Streaming

Loudr

Acquisition in 2018
Loudr builds products and services that make it easy for content creators, aggregators and digital music services to identify, track and pay music publishers. Powered by technology that parses song ownership information and matches sound recordings to composition rights holders, Loudr makes it easy to secure mechanical right clearance for song usage at scale. Loudr's flagship products include Loudr Licensing (a la carte cover song licensing platform), Loudr Distribution (the first and only digital music distribution platform with built-in cover song licensing), and Loudr For Business (mechanical licensing support for enterprise clients).

Tencent Music Entertainment Group

Funding Round in 2017
Tencent Music Entertainment Group (TME) is the leading online music entertainment platform in China, formed in 2016 through the merger of QQ Music, Kuwo Music, and Kugou Music. The company operates the top four music mobile applications in the country, catering to a diverse user base with over 800 million monthly active users. TME offers a comprehensive suite of services, including online music streaming, karaoke, and music-centric live streaming, all designed to enhance user engagement. The platform integrates social interactions such as sharing, liking, commenting, and virtual gifting, which complement the core music experience. This focus on social connectivity not only enriches the listening experience but also increases user retention and engagement across its services. Tencent holds a majority stake in TME, ensuring significant influence over its operations and direction.

Soundtrap

Acquisition in 2017
Soundtrap AB offers a cloud-based audio recording platform designed for collaboration in music and audio creation. Founded in 2012 and headquartered in Stockholm, Sweden, with an additional office in Silicon Valley, the platform supports a wide range of devices, including Mac, Windows, iPads, Android tablets and phones, Linux, and Chromebooks. Soundtrap has gained popularity, particularly in educational settings, where it is utilized for music instruction and podcast creation. The platform is recognized for its user-friendly interface and real-time collaboration features, which allow users to record and edit music or other audio content by connecting instruments or using built-in software options. Soundtrap is also a Google for Education Partner and has received accolades for its contribution to teaching and learning. In 2017, it became a subsidiary of Spotify AB.

Niland

Acquisition in 2017
Niland is a music technology start-up based in Paris, founded in 2013, that focuses on enhancing customer engagement for music companies. The company has developed advanced music search and recommendation engines that utilize machine learning techniques to analyze acoustic signals and extract meaningful information from audio tracks. This innovative approach addresses challenges in music search and discovery by automatically identifying musical and emotional characteristics, enabling the creation of personalized playlists tailored to individual preferences. Niland's technology aims to connect users with the right music at the right time, facilitating the development of intelligent music applications for various industries, including film and advertising. Niland's pioneering solutions have been recognized for their excellence, having won a prestigious competition in 2011 and maintaining a strong reputation in the field of music technology.

Soundwave

Acquisition in 2016
Soundwave Analytics Limited is a music discovery application that enables users to view in real-time the songs being played by others around them. Founded in 2012 in Dublin, Ireland, by Brendan O’Driscoll, Aidan Sliney, and Craig Watson, the app allows users to create charts based on specific locations, social circles, and preferences while filtering by time and genre. Before its acquisition by Spotify in January 2016, Soundwave attracted over 1.5 million users across 190 countries and tracked more than 150 million song plays. The app has received recognition for its innovation, being named "Best Innovation in Music" by Apple and featured in Google’s Android "Editors Choice" section. Soundwave's unique capability to track music listening habits in real-time has positioned it as a notable player in the music streaming industry.

Soundtrack Your Brand

Series B in 2015
Soundtrack Your Brand is a business-to-business music platform that allows small business owners to create and legally play tailored playlists in their venues. The platform offers a subscription-based service that grants access to a commercial catalog of songs, enabling businesses to play any music they choose without legal concerns. This service helps businesses enhance their digital media presence by curating playlists that suit various settings and events, ensuring a positive experience for both customers and employees. Soundtrack Your Brand aims to simplify the process of music selection for businesses, providing unlimited and customizable playlists during operational hours.

The Echo Nest

Acquisition in 2014
The Echo Nest is a music intelligence company that offers music services to developers and media companies. The company’s services enable high-scale music platforms to help fans better discover, share, and interact with the music they love. Their customer base reaches over 100 million every month through more than 400 applications and sites powered by The Echo Nest. The Echo Nest was founded by Brian Whitman and Tristan Jehan in July 2005 and is based in Somerville, Massachusetts.

Tunigo

Acquisition in 2013
Tunigo offers the easiest and most fun way to find, create, and share new music and playlists on Spotify. With Tunigo you will discover specific music for all occasions, grouped by the real events of your life. Plus you will also be keeping track of the latest releases, charts, reviews and current music news.
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