# Red Karaoke

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/red-karaoke

- Industry: Software
- Headquarters: Madrid, Spain
- Website: www.redkaraoke.com
- Total disclosed funding: $3.2M
- Latest round: Series A (Mar 13, 2008)
- Investors on record: 1

## About

Red Karaoke is an innovative online platform enabling music enthusiasts to enjoy karaoke experiences by providing an extensive library of songs and high-quality instrumental tracks for interactive singing.Red Karaoke, founded in 2007 in Madrid, Spain, specializes in online karaoke services. In June 2012, the company raised EUR 0.6 million in venture funding from Ricari and individual investors, bringing its valuation to EUR 8.6 million. The company has completed 2 deals, with a notable funding round occurring on June 5, 2012.RedKaraoke.com offers users a diverse library of songs across multiple genres with high-quality instrumental tracks and synchronized lyrics for an engaging karaoke experience. Users can subscribe for unlimited access to the song catalog, personalized playlists, and performance recording features, catering to both casual entertainers and aspiring performers. The service is used globally, with active participation from users in the United States, Europe, and parts of Asia.In 2017, Red Karaoke generated a revenue of EUR 596,380 and an EBITDA of EUR 169,978.9. The company operates mainly through subscription services that provide various pricing tiers for users, allowing them to access the song library and additional features such as offline play and exclusive content while maintaining a direct relationship with customers.Following the funding round in June 2012, Red Karaoke aims to leverage the EUR 0.6 million raised to enhance its offerings and expand into new markets. The company is focused on introducing new products and features that cater to a wider audience, with plans for increased market penetration in regions such as Asia and Europe by 2023.

## Funding rounds

- Series A, Mar 13, 2008, $3.2M — Clave Capital

## Investors

- Clave Capital — Series A