# Idagio

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

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.idagio.com
- Total disclosed funding: $21M
- Latest round: Series B (Sep 26, 2018)
- Investors on record: 7

## About

Idagio GmbH is a Berlin-based streaming platform dedicated exclusively to classical music, offering a rich listening experience tailored for enthusiasts of the genre.Founded in 2014, Idagio GmbH specializes in classical music streaming, providing a unique platform for music lovers. The company is headquartered in Berlin, Germany. The founder, Till Janczukowicz, has a background in technology and music entrepreneurship. In May 2021, Idagio secured EUR 10.00 mn in a Series B funding round led by Tengelmann Ventures Management, alongside other investors including KfW Capital and Macquarie Capital. This comprehensive funding brought the total amount raised to EUR 10.00 mn and the company's current valuation to EUR 40.945 mn.IDAGIO offers a specialized streaming platform exclusively for classical music, providing access to a catalogue of over 2.5 million tracks from renowned composers and performers. Users can explore music through expert playlists and personalized recommendations, using features like a mood wheel to discover tracks based on their emotional state. The service is designed to appeal to classical music lovers seeking a refined and specialized listening experience, available globally in major markets.IDAGIO generates revenue through a subscription model with various pricing tiers, including Basic Audio, Premium Audio, and Premium Audio + Video. Each plan offers different levels of access, with the Premium Audio plan featuring high-fidelity streaming, while the Premium Audio + Video plan includes video content. This model allows users ad-free access to curated classical music, with a fair payout system ensuring artists are compensated directly from subscription fees.Following Lansdowne Partners' acquisition of a majority stake in May 2021, Idagio GmbH aims to enhance its platform and expand into new markets. The recent funding will address previous financial losses and support the development of new products. Specific future initiatives include an expansion into additional European markets by the end of 2023, focusing on enhancing user experience and introducing innovative features to attract a broader audience.

## Funding rounds

- Series B, Sep 26, 2018, $12M — b2venture, Tengelmann Ventures Management, Macquarie Group, KfW Capital
- Series A, Aug 23, 2017, $9.4M — b2venture, Tengelmann Ventures Management, Wessel Management, Lansdowne Investment Company Cyprus Limited
- Seed, Jun 1, 2015 — Macquarie Capital, b2venture

## Investors

- Macquarie Capital — Seed
- b2venture (https://capitalatlas.ai/funds/b2venture) — Seed, Series A, Series B
- Tengelmann Ventures Management (https://capitalatlas.ai/funds/tengelmann-ventures-management) — Series A, Series B
- Wessel Management (https://capitalatlas.ai/funds/wessel-management) — Series A
- Lansdowne Investment Company Cyprus Limited — Series A
- Macquarie Group (https://capitalatlas.ai/funds/macquarie-group) — Series B
- KfW Capital (https://capitalatlas.ai/funds/kfw-capital) — Series B