# Deezer

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deezer-s-a

- Industry: Internet
- Headquarters: Paris, France
- Website: www.deezer.com
- Total disclosed funding: $21M
- Latest round: Series B (Dec 11, 2009)
- Investors on record: 6

## About

Deezer S.A. is a prominent music streaming service that offers users access to a vast library of over 120 million tracks. It provides both free and premium subscription options for music enthusiasts around the globe.Founded in 2007 in Paris, France, Deezer is a music streaming platform that allows users to access a comprehensive library of music and podcasts. The company has undergone various developments, including a recent merger with I2PO SA, a special purpose acquisition company, aimed at enhancing its operational capabilities. The founders of Deezer include Daniel Marhely, Insha S., Jonathan Benassaya, and Sâm Afchar, with Maxi Wiebe currently serving as CEO. Deezer has raised a total of EUR 160.441 mn across multiple funding rounds, with the latest funding round being Series F, led by Access Industries and others, on April 18, 2022. The company's current valuation stands at EUR 916.460 mn.Deezer is a leading music streaming application that provides users with access to over 120 million tracks, including music and podcasts. The platform allows users to create free accounts for streaming music with ads or opt for premium subscriptions that offer ad-free listening, offline capabilities, and curated playlists. Key features include personalized music recommendations, exclusive content, and the ability to transfer existing playlists from other services, enhancing user experience. Deezer's core offerings serve music enthusiasts in over 180 countries, supporting 26 different languages to cater to a diverse audience.Deezer reported a revenue of EUR 336,634,910 for the most recent year, 2017, with an EBITDA of EUR -70,467,930. The company generates revenue through a subscription-based model that includes both free and premium tiers, enabling users to access Deezer Free, which is ad-supported, or paid plans like Deezer Premium and Deezer Family, with subscription costs starting at EUR 11.99 per month after a trial period. This model allows Deezer to capture a broad base of music listeners while enhancing revenue through user retention in its premium services, focusing on direct-to-consumer interactions.Deezer's future growth strategy involves expanding its offerings and geographic reach, with plans for new product launches and potential entry into additional markets. Following the recent merger with I2PO SA on April 18, 2022, Deezer aims to leverage the funding to support these initiatives and enhance its service offerings. Specific details regarding upcoming products and targeted regions for expansion have not been disclosed, but the company continues to focus on broadening its user base and enhancing its music streaming capabilities.

## Funding rounds

- Series B, Dec 11, 2009, $13M — Idinvest Partners, Credit Mutuel Equity, La Banque Postale, Capital Croissance, Objectif Innovation Patrimoine N°7
- Series A, Jul 1, 2008, $7.9M — Dotcorp Private Equity

## Investors

- Dotcorp Private Equity (https://capitalatlas.ai/funds/dotcorp-private-equity) — Series A
- Idinvest Partners (https://capitalatlas.ai/funds/idinvest-partners) — Series B
- Credit Mutuel Equity (https://capitalatlas.ai/funds/credit-mutuel-equity) — Series B
- La Banque Postale — Series B
- Capital Croissance (https://capitalatlas.ai/funds/capital-croissance) — Series B
- Objectif Innovation Patrimoine N°7 — Series B