# Slacker

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

- Industry: Media
- Headquarters: San Diego, US
- Website: www.slacker.com
- Total disclosed funding: $81M
- Latest round: Series D (Feb 9, 2011)
- Investors on record: 5

## About

Slacker, Inc. is a digital media company specializing in audio streaming services, offering users access to a diverse range of music and podcasts for an enhanced listening experience.Founded in 2006 and headquartered in San Diego, US, Slacker, Inc. is known for its audio streaming platform that allows users to enjoy music on demand. In September 2017, LiveXLive Corp acquired Slacker, Inc. for USD 50 mn, marking a significant transition in its business strategy. The company has completed 12 deals to date, with its latest funding round being a Trade Sale.Slacker, Inc. provides a comprehensive suite of audio streaming services focusing on music and podcasts. The platform allows users to listen to music on demand, featuring offline listening, ad-free experiences, and unlimited skips. Their services cater to a wide audience, from casual listeners seeking seamless music experiences to avid podcast consumers wanting a range of content. The company targets a global customer base, particularly in North America, Europe, and parts of Asia, emphasizing personalized audio entertainment.Slacker, Inc. generates revenue primarily through a subscription-based model, allowing consumers to access its services regularly. Users subscribe to various pricing plans that provide uninterrupted access to music and podcasts. The offerings include tiered subscription plans tailored to different consumer needs, including options for family accounts and premium features to enhance user experience. Revenue streams come from individual consumers and potential partnerships with retailers and content creators, emphasizing a Direct-to-Consumer (DTC) approach in the audio entertainment market.Looking ahead, Slacker, Inc. plans to enhance its service offerings and expand its reach into new markets. Following the acquisition by LiveXLive Corp, the company may introduce new products focused on innovative audio experiences. Specific geographic regions for expansion are not disclosed but will aim to strengthen its presence in existing and emerging markets. The USD 50 mn acquired will likely be utilized to support these growth initiatives.

## Funding rounds

- Series D, Feb 9, 2011, $3M — Austin Ventures, Centennial Ventures, Mission Ventures, RHO, Sevin Rosen Funds
- Series D, May 20, 2010, $2M — RHO
- Series C, Oct 5, 2009, $2.5M — Austin Ventures, Centennial Ventures, Mission Ventures, RHO, Sevin Rosen Funds
- Series C, Jun 17, 2009, $9.7M — Austin Ventures, Centennial Ventures, Mission Ventures, RHO, Sevin Rosen Funds
- Series B, May 7, 2007, $40M — Austin Ventures, Centennial Ventures, Mission Ventures, RHO, Sevin Rosen Funds
- Series A, Mar 13, 2007, $14M — Austin Ventures, Mission Ventures, Sevin Rosen Funds
- Series A, Mar 24, 2006, $10M — Austin Ventures, Mission Ventures, Sevin Rosen Funds

## Investors

- Austin Ventures (https://capitalatlas.ai/funds/austin-ventures) — Series A, Series B, Series C, Series D
- Mission Ventures (https://capitalatlas.ai/funds/mission-ventures) — Series A, Series B, Series C, Series D
- Sevin Rosen Funds (https://capitalatlas.ai/funds/sevin-rosen-funds) — Series A, Series B, Series C, Series D
- Centennial Ventures (https://capitalatlas.ai/funds/centennial-ventures) — Series B, Series C, Series D
- RHO (https://capitalatlas.ai/funds/rho) — Series B, Series C, Series D