# Musixmatch S.p.A.

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

- Industry: Software
- Headquarters: Bologna, Italy
- Website: www.musixmatch.com/
- Total disclosed funding: $8.7M
- Latest round: Series B (Sep 3, 2014)
- Investors on record: 3

## About

Founded in 2010, Musixmatch is a Bologna-based company that provides the world's largest catalog of song lyrics, enhancing music experiences through lyrical content integration across various digital platforms.Musixmatch operates as a prominent lyrics database, allowing users to engage with song lyrics seamlessly. The company was co-founded by Francesco Delfino and Gianluca Delli Carri. It has raised a total of USD 5.00 mn in funding, with the latest round being a Series B completed on July 27, 2022. Investors in the latest round include Micheli Associati, P101, and United Ventures. The company has executed 6 deals since its inception, with its headquarters located in Bologna, Italy.Musixmatch is recognized for its comprehensive lyrics database, which is integrated into numerous music streaming services. This platform not only enhances user experiences with synchronized lyrics but also includes a music recognition service that identifies songs in real-time, thus providing immediate access to lyrics and song details. Musixmatch caters to a diverse global audience, with significant usage in North America, Europe, and Asia, serving millions of users across various demographics.For the year 2023, Musixmatch reported revenue of USD 84.62 mn and an EBITDA of USD 36.89 mn. The company's revenue model primarily focuses on partnerships with music streaming services through licensing agreements that provide access to its extensive lyrics database, typically structured as a B2B subscription model.Following a recent acquisition by TPG, which agreed to acquire a controlling stake in Musixmatch on July 27, 2022, from previous investors, the company is poised to strengthen its market position. The acquisition supports plans for creator-centric expansion into new locations and verticals, enhancing its offerings within the music industry.

## Funding rounds

- Series B, Sep 3, 2014, $5M — Micheli Associati, United Ventures, P101
- Series A, May 9, 2011, $3.7M — Micheli Associati

## Investors

- Micheli Associati (https://capitalatlas.ai/funds/micheli-associati) — Series A, Series B
- United Ventures (https://capitalatlas.ai/funds/united-ventures) — Series B
- P101 (https://capitalatlas.ai/funds/p101) — Series B