# Mdundo

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

- Industry: Software
- Headquarters: Nairobi, Kenya
- Website: www.mdundo.com
- Latest round: Seed (May 28, 2020)
- Investors on record: 1

## About

Mdundo Limited is an African music streaming service that provides subscribers with premium access to a diverse range of local and international music while ensuring a seamless user experience.Mdundo Limited, founded in 2013, is headquartered in Nairobi, Kenya, and operates as a music streaming service that offers users a premium listening experience. The company's CEO is Martin Nielsen. Mdundo has raised a total of USD 0.30 mn through 7 deals, with the most recent funding round being a Seed round amounting to USD 0.30 mn on May 28, 2020.Mdundo is a prominent African music streaming service that focuses on providing a premium listening experience for its users. The platform offers an ad-free environment and allows unlimited downloads for a subscription fee of USD 1.99 per month. This service caters to music enthusiasts primarily in Nigeria, Ghana, South Africa, Uganda, Tanzania, Kenya, Zambia, Cameroon, and Malawi, where local music content is highly sought after. Mdundo addresses accessibility challenges faced by users who want a convenient and affordable way to enjoy various music genres, including Pop, Afro Pop, Gospel, and Reggae, among others.Mdundo generates revenue primarily through its subscription-based model, where users pay a monthly fee of USD 1.99 for premium access to its music library. This pricing strategy enables the company to reach a wide audience while promoting the consumption of African music. The subscription model fosters direct engagement with individual consumers, resulting in recurring revenue streams. Transactions are structured around these direct-to-consumer subscriptions, providing users with a seamless purchasing experience for premium music content.Mdundo Limited plans to leverage its recent Seed funding of USD 0.30 mn, raised in May 2020, to enhance its product offerings and expand into new markets. The company aims to introduce new features and products to its platform, although specific details and release dates have not been disclosed. Additionally, Mdundo is targeting expansion into other regions across Africa to increase its user base and accessibility, focusing on countries with emerging music markets.

## Funding rounds

- Seed, May 28, 2020 — Kepple Africa Ventures

## Investors

- Kepple Africa Ventures (https://capitalatlas.ai/funds/kepple-africa-ventures) — Seed