Napster
Latest round
- Series C
Last raised
- May 2000
Total raised
- $15M
Investors
- 2
About Napster
Based in California, US, and founded in 1999 by founded by Shawn Fanning and Sean Parker, Napster Inc. is a peer-to-peer MP3 file-sharing application. Napster offers digital music services to discover, share, acquire, and enjoy music. In May 2000, Napster Inc. The original service was shut down by court order, but the Napster brand survived after the company's assets were liquidated and purchased by other companies through bankruptcy proceedings.35 million. The acquisition of Napster's patents and the brand name went through immediately following a Delaware bankruptcy court's approval. Months later, Roxio also purchased a music streaming service called PressPlay in 2003 and combined it as the basis of a new legal online music service that would let users access music through a subscription or on a fee-per-song basis. Napster re-emerged as a non-free online music service which was then acquired by Best Buy in 2008 for USD 121 million.
Who invested in Napster
2 investors across 1 round
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Funding rounds
Series C
May 23, 2000
Amount
$15M
Investors
Questions about Napster
Who invested in Napster?
Napster has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Napster raised?
Napster has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Napster last raise money?
Napster's most recent round on record is a Series C, in May 2000.
What does Napster do?
Based in California, US, and founded in 1999 by founded by Shawn Fanning and Sean Parker, Napster Inc.
Where is Napster headquartered?
Napster is headquartered in Los Angeles, US.
Which VCs invest in companies like Napster?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Napster's stage. Their profiles are linked below.
VCs backing internet startups at Series C
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