# doubleTwist

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/doubletwist

- Industry: Biotechnology
- Headquarters: Oakland, US
- Website: www.doubletwist.com
- Total disclosed funding: $7.5M
- Latest round: Series B (Apr 1, 2009)
- Investors on record: 3

## About

doubleTwist is a technology company that specializes in music and podcast applications for Android and Windows. Their products enhance user experience by providing seamless access to audio content across various platforms.doubleTwist was founded by Jon Lech Johansen and Monique Farantzos and is headquartered in Oakland, US. The company offers music and podcast applications and has undergone strategic pivots to focus on enhancing user accessibility to audio content. doubleTwist secured USD 5 million in Series B financing in April 2009 from Horizon Founders Capital, Index Ventures, and Northzone, marking a key moment in its growth. The total amount raised by the company is USD 5 million, making it a target for investment in the tech sector.doubleTwist offers a suite of music and podcast applications primarily designed for Android and Windows platforms. Their flagship products include CloudPlayer and Classic Player. CloudPlayer enables users to stream and download music from cloud services such as Dropbox and OneDrive, providing a seamless way to access music libraries from various locations. The Classic Player serves as a versatile tool for managing and listening to music and podcasts, appealing to users who prefer a traditional music management experience. The company caters to a broad range of consumers, including casual listeners and podcast enthusiasts, with a particular focus on markets in North America and Europe, reflecting a global user base that values both music and podcast accessibility.doubleTwist's revenue model is centered around direct-to-consumer transactions for its music and podcast applications. The company generates income through the sale of its applications, which may include various pricing plans tailored to individual users. Customers can purchase the Classic Player or subscribe to specific features of CloudPlayer, fostering a standard transactional relationship where users pay for premium features or services. Revenue streams may also incorporate in-app purchases, enhancing the user experience with additional functionalities. Each product is designed to meet specific needs within the music and podcasting space, thereby positioning doubleTwist for sustained engagement with its customer base.As of now, doubleTwist is focusing on the expansion of its product offerings and market reach. The recent funding of USD 5 million raised in April 2009 will be utilized to develop new features and enhancements for their existing applications. Specific plans include the launch of upgraded versions of CloudPlayer and Classic Player, which are currently in the design phase. The company is also targeting expansion into additional markets across Europe and Asia by the end of 2024, aiming to increase its global footprint and user engagement.

## Funding rounds

- Series B, Apr 1, 2009, $5M — Index Ventures, Northzone, Horizon Founders Capital
- Series A, May 1, 2008, $2.5M — Index Ventures, Northzone

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A, Series B
- Northzone (https://capitalatlas.ai/funds/northzone) — Series A, Series B
- Horizon Founders Capital (https://capitalatlas.ai/funds/horizon-founders-capital) — Series B