Spotify
Latest round
- Series G
Last raised
- Jun 2015
Total raised
- $1.1B
Investors
- 26
About Spotify
Founded in 2006 by Andres Martinez, Avi Prabhakar, Diego Porto, Federico Ronzoni, Fortcast GG, Luis Vera, Luzy Jansen, Millie Bjork, Muhammad Saifuddin, Natalia Kania, Nattapol Koeiram, Niall Hannigan, Puja Fajariyah, and Álex Cid, Spotify AB is headquartered in Stockholm, Sweden. The company underwent a significant transition in business strategy, evolving from a free ad-supported service to various premium subscription models.Spotify is a digital music streaming platform that offers a vast library of songs, podcasts, and other audio content to its users. Its core product, the Spotify app, provides users with the ability to access, discover, and share music across various devices, including smartphones, tablets, and computers. Launched in 2008, Spotify addresses the growing demand for on-demand music streaming while offering personalized recommendations through advanced algorithms and user-generated playlists. The service aims to enhance the listening experience and cater to diverse musical tastes by curating content based on user preferences and listening habits.17. The company generates revenue primarily through subscription plans and advertising. Offering multiple subscription tiers, including a free, ad-supported model, and premium plans such as Individual, Family, and Student subscriptions, Spotify ensures a diverse revenue stream. Future initiatives include the launch of new features and products aimed at enriching user engagement, alongside targeted expansion into emerging markets in Asia and Latin America by 2025.
Who invested in Spotify
26 investors across 7 rounds
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Funding rounds
Series G
Jun 9, 2015
Amount
$526M
Investors
Series F
Nov 21, 2013
Amount
$250M
Investors
Series E
Nov 14, 2012
Amount
$100M
Investors
Series D
Jun 17, 2011
Amount
$100M
Investors
Series C
Feb 1, 2010
Amount
$16M
Investors
Series B
Aug 4, 2009
Amount
$50M
Investors
Series A
Oct 1, 2008
Amount
$31M
Investors
Questions about Spotify
Who invested in Spotify?
Spotify has 26 investors on record across 7 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Spotify raised?
Spotify has raised 7 venture rounds. Sign up free to see how much each round raised and the total.
When did Spotify last raise money?
Spotify's most recent round on record is a Series G, in Jun 2015.
What does Spotify do?
Founded in 2006 by Andres Martinez, Avi Prabhakar, Diego Porto, Federico Ronzoni, Fortcast GG, Luis Vera, Luzy Jansen, Millie Bjork, Muhammad Saifuddin, Natalia Kania, Nattapol Koeiram, Niall Hannigan, Puja Fajariyah, and Álex Cid, Spotify AB is headquartered in Stockholm, Sweden.
Where is Spotify headquartered?
Spotify is headquartered in Stockholm, Sweden.
Which VCs invest in companies like Spotify?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back internet companies at Spotify's stage. Their profiles are linked below.
VCs backing internet startups at Series G
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