About Akazoo
Akazoo is a company based in London (United Kingdom) founded in 2008. Akazoo has raised $18.48 million across 1 funding round from investors including Toscafund and Penta Capital. The company has 26 employees. Akazoo operates in a competitive market with competitors including Deezer, Spotify, SoundCloud, Qobuz and Napster, among others.
- Headquarter London, United Kingdom
- Employees 26
- Stage Public
- SectorsMedia & Entertainment
- Website akazoo.com
- Social LinkedIn X
- Legal Name Akazoo Limited
- Date of Incorporation 24 Jun, 2008
- Jurisdiction EDINBURGH, SCOTLAND
- Annual Revenue$142.09 M (USD)16as on Dec 31, 2016
- Net Profit$6.6 M (USD)-22as on Dec 31, 2016
- EBITDA$6.61 M (USD)-22as on Dec 31, 2016
- Total Equity Funding$18.48M (USD)
in 1 rounds
- Latest Funding Round$18.48M (USD), Series A
Jul 2015
- InvestorsToscafund
& 1 more
- Employee Count26
Funding Insights of Akazoo
Akazoo has successfully raised a total of $18.48M through 1 strategic funding round. The most recent funding activity was a Series A round of $18.48 million completed in July 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $18.48M
- Total Rounds 1
- Last Round Series A — $18.48M
- First Round $18.48M
(Jul 2015)
- Investors Count 2
All 1 funding rounds of Akazoo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2015 | $18.48M | Series A | – | – |
2 investors in total: 2 institutional.
Investors in Akazoo
Akazoo has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Toscafund and Penta Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Penta Capital is engaged in private equity fund management. | 1999 | pentacapital.com | London, United Kingdom | |
Toscafund is engaged in specialist investment management services. | – | toscafund.com | London, United Kingdom |
Investor details for Akazoo
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People of Akazoo
1 people are tracked at Akazoo (1 in leadership); the tracked headcount is 26.
| Name | Role | Group |
|---|---|---|
Apostolos N. Zervos | Founder & CEO | Leadership |
Complete people profiles for Akazoo
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Timeline of Akazoo
3 dated milestones of Akazoo across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Akazoo is founded.
- Funding First funding round of $18.5M.
- IPO Lists on the stock exchange (IPO).
Competitors of Akazoo
Akazoo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Deezer, Spotify, SoundCloud, Qobuz and Napster, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| deezer.com | 2007 | Paris, France | $445.42M | – | Online platform for on-demand music and radio streaming | |
| spotify.com | 2006 | Stockholm, Sweden | $2.06B | 2,960 | Music streaming is offered on-demand to global users. | |
| soundcloud.com | 2007 | Berlin, Germany | $437.81M | 359 | Music streaming services are provided online for free. | |
| qobuz.com | 2007 | Paris, France | $31.88M | – | On-demand music streaming is provided through subscription services. | |
| napster.com | 1999 | Los Angeles, United States | – | – | Napster is recognized for providing music streaming platform solutions. | |
| myspace.com | 2003 | Los Angeles, United States | $42.79M | – | On-demand music streaming and content sharing platform | |
| trebel.io | 2014 | Los Angeles, United States | $30M | 17 | Music is downloaded and streamed through a mobile application. | |
| beatsmusic.com | 2013 | San Francisco, United States | $120M | – | Curated playlists and personalized music are streamed on-demand. | |
| boomplay.com | 2015 | Guangdong, China | $20M | – | On-demand music streaming is enabled with playlist creation and downloads. |
Detailed competitors of Akazoo
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Akazoo
Websites that share an audience with Akazoo (akazoo.com).
Websites whose visitors overlap most with Akazoo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| blip.fm | 100% | 3.9K | #5,662,800 | View details | |
| grooveshark.com | 92% | 4.6K | #6,202,118 | View details | |
classical.com | classical.com | 75% | – | – | – |
mp3shopscompare.com | mp3shopscompare.com | 75% | – | – | – |
sonyentertainmentnetwork.com | sonyentertainmentnetwork.com | 73% | – | #3,842 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Akazoo
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- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Latest news on Akazoo
Complete news archive for Akazoo
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to Akazoo
10 companies that operate in the same segment as Akazoo (Music Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform for on-demand music and radio streaming | 2007 | Paris, France | USD 445.42 M | USD 627.4 M | 566 | |
Music streaming is offered on-demand to global users. | 2006 | Stockholm, Sweden | USD 2.06 B | USD 19.4 B | – | |
Broadcast radio channels are aggregated and streamed through subscriptions. | 2002 | San Francisco, California, United States | USD 98.35 M | – | – | |
Music streaming services are provided online for free. | 2007 | Berlin, Berlin, Germany | USD 437.81 M | – | – | |
A ticketing platform for live events is offered by DICE. | 2014 | London, England, United Kingdom | USD 238.27 M | – | – | |
Decentralized audio distribution is enabled for creators via blockchain technology. | 2018 | San Francisco, California, United States | USD 16.1 M | – | 44 | |
Music creation and collaboration are enabled through an online platform. | 2013 | New York, New York, United States | USD 164.5 M | – | – | |
Music streaming solutions for businesses are provided. | 2014 | Stockholm, Sweden | USD 54.62 M | – | – | |
Mobile jukebox app is used for venue customer engagement. | 2010 | Oakland, California, United States | USD 6.82 M | – | 80 | |
Music is licensed via a cloud-based platform for professional use. | 2009 | Stockholm, Sweden | USD 476 M | – | – |
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Frequently Asked Questions about Akazoo
Akazoo was founded in 2008 and raised its 1st funding round 7 years after it was founded.
Akazoo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Akazoo is a funded company, having raised a total of $18.48M across 1 funding round to date. The company's 1st funding round was a Series A of $18.48M, raised on Jul 2015.
Akazoo has 26 employees.
Annual revenue of Akazoo is $142.09M as on Dec 31, 2016.
Akazoo was founded in 2008 in London, United Kingdom, as a music streaming service. Access is provided via PC and mobile apps for Android and iOS devices. Content is organized by artists and genres, with personalized playlists created and shared among users. Integration with social media enables music sharing. Revenue is generated primarily through subscription models.
Akazoo's top competitors include Deezer, Spotify and SoundCloud.
Akazoo has 2 investors. Key investors include Toscafund, and Penta Capital.
Akazoo operates through Akazoo Limited.