# Xandrie

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

- Industry: Internet
- Headquarters: Pantin, France
- Website: www.qobuz.com
- Total disclosed funding: $12M
- Latest round: Series B (Nov 13, 2011)
- Investors on record: 2

## About

Xandrie SA operates Qobuz, a high-quality music streaming and download service, offering over 100 million tracks with emphasis on high-resolution audio for audiophiles and casual listeners alike.Founded in 2008 in Pantin, France, Xandrie SA specializes in high-quality music services. The company has successfully raised EUR 10 million from investors including Nabuboto and Quebecor Fund in September 2020 to support its growth. Xandrie SA has completed a total of 3 funding rounds.Qobuz primarily offers high-quality music streaming and download services, focusing on delivering an extensive library of over 100 million tracks. Their core product offerings include subscription plans that provide users access to high-resolution audio streaming and the ability to purchase albums in both CD and Hi-Res formats. The services cater to audiophiles and casual listeners alike, allowing them to discover and enjoy music across various genres through curated playlists, artist interviews, and expert reviews. Released to the market to fill the demand for premium audio experiences, Qobuz is available in multiple international markets, including the United Kingdom, France, Germany, and the United States, serving a diverse customer base that includes individual music enthusiasts and larger groups through family and student plans.In 2022, Qobuz reported a revenue of EUR 29,123,728.80, with an EBITDA of EUR -2,102,475.80. The company generates revenue through a structured subscription model alongside direct sales of music downloads, providing customers options for both subscription-based access and individual purchases.Looking ahead, Xandrie SA intends to leverage the EUR 10 million raised in September 2020 to enhance its offerings and expand into new markets. The company plans to introduce new products designed to enhance user experience in music streaming. Future expansions will target additional geographic regions, aiming for growth in markets beyond its current presence. Specific timelines and details on release dates and market expansions are anticipated to be communicated in upcoming announcements.

## Funding rounds

- Series B, Nov 13, 2011, $4.2M — Innovacom, Trail Capital
- Series B, Mar 19, 2008, $7.9M — Innovacom

## Investors

- Innovacom (https://capitalatlas.ai/funds/innovacom) — Series B
- Trail Capital (https://capitalatlas.ai/funds/trail-capital) — Series B