Spotify
IPOMusic for everyone
Public · Stockholm, Sweden · Founded 2006 · $2.1B raised
- Headquarters
- Stockholm
- Employees
- 5001–10000
- Founded
- 2006
- Business Model
- B2C
- Website
- spotify.com
- Total Funding
- $2.1B
- Last Round
- $1.0B Convertible NoteMar 2016
- Rounds
- 9
- Type
- Public
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Spotify is the world's largest audio streaming platform, giving over 600 million users access to music, podcasts, and audiobooks from creators worldwide. Built on a microservices architecture with Java, Kafka, and Google Cloud, Spotify's platform powers personalized recommendations for billions of listening sessions daily. The company also created and open-sourced Backstage, a widely-adopted developer portal platform.
Summary
Spotify is an Entertainment company based in Stockholm, Sweden, founded in 2006. It has raised $2.1B in total across 9 rounds, most recently a $1.0B Convertible Note round in Mar 2016. Investors include Goldman Sachs, TPG (Growth/Rise) and Dragoneer.
Tech & App Stack
19 technologies & apps tracked
Every product and vendor across these categories, with where each signal came from.
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Funding & Exit History
Apr 2018
Sign up to see all 10 events
Funding: Series A through Convertible Note. Amounts, valuations, and investors where available.
Investors
Acquisitions
Podz
2021
Gimlet Media
2019 · $230.0M
Anchor
2019 · $175.0M
Mediachain
2017
MightyTV
2017
SoundBetter
Developer of an online music production marketplace designed to offer platform for recording studios, mixing and mastering engineers and producers and session musicians. The company's online music production marketplace helps to find and securely hire the right pro based on specialty, budget, genre, credits, reviews and sound samples, enabling musicians worldwide to connect and hire top music pros so they can get to great-sounding release-ready songs.
Betty Labs
Creator of Locker Room, a live sports-focused audio social app connecting fans, athletes, and insiders.
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