# Last.fm

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/last-fm

- Industry: Software
- Headquarters: London, UK
- Website: www.last.fm
- Total disclosed funding: $5M
- Latest round: Series A (May 8, 2006)
- Investors on record: 1

## About

Last.fm is a music tracking and discovery platform that enables users to scrobble tracks and receive personalized music recommendations, fostering a global community for music enthusiasts.Founded in 2002 in London, UK, Last.fm operates as a music tracking service that allows users to monitor their listening habits. In May 2007, Last.fm was acquired by CBS Corporation for USD 280 mn. The company has undergone strategic changes to enhance its offerings and user engagement, solidifying its presence in the music discovery sector.Last.fm primarily operates a music tracking and discovery platform that integrates with various music services, notably Spotify, enabling users to scrobble tracks across different devices and applications. The core offering is the Audioscrobbler feature, which records users' listening habits in real-time, allowing for personalized music recommendations and insights into global listening trends. The platform caters to a diverse user base, including casual music listeners, dedicated audiophiles, and artists looking to engage with their audience. Last.fm serves markets worldwide, with a significant presence in Europe and North America, facilitating a global community that shares music preferences and trends. The integration with popular streaming services enhances user engagement and provides valuable data analytics for understanding listening behaviors.In 2023, Last.fm reported a revenue of USD 2.44 mn and an EBITDA of USD 1.88 mn. The company generates revenue primarily through subscription models and partnerships within the music ecosystem. Clients engage with the platform through various subscription tiers that offer enhanced features, ensuring accessibility while promoting user retention. Additionally, partnerships with music services and promotional collaborations contribute to revenue streams, enabling Last.fm to offer unique features and access to a broader audience.Last.fm plans to introduce new features and enhancements to its platform, with a focus on improving user engagement and personalization. The company targets expansion into emerging markets in Asia and South America by 2025, aiming to grow its user base and adapt its services to local preferences. The strategic acquisition by CBS Corporation in May 2007 for USD 280 mn is expected to support these initiatives, providing necessary resources for development and market entry.

## Funding rounds

- Series A, May 8, 2006, $5M — Index Ventures

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A