About Believe
Believe is a company based in Paris (France) founded in 2005 was acquired by TCV in April 2024. Believe has raised $66.5 million across 2 funding rounds from investors including EQT, GP Bullhound and TCV. The company has 10 employees as of April 08, 2024. Believe has completed 5 acquisitions, including Dogan Music, Jo & Co and Sentric HR. Believe operates in a competitive market with competitors including Vydia, ReverbNation, Haawk, Create Music Group and Nomono, among others.
- Headquarter Paris, France
- Employees 10 as on 08 Apr, 2024
- Stage Public
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Sectors
Media & Entertainment
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Ishtar Music Private Limited
- Date of Incorporation 16 May, 2018
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$8.66 M (USD)14.16as on Mar 31, 2020
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Net Profit
$4.36 M (USD)39.82as on Mar 31, 2020
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EBITDA
$6.23 M (USD)36.74as on Mar 31, 2020
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Total Equity Funding
$66.5 M (USD)
in 2 rounds
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Latest Funding Round
$60 M (USD), Series B
Jun 04, 2015
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Investors
EQT
& 4 more
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Employee Count
10
as on Apr 08, 2024
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Investments & Acquisitions
Dogan Music
& 4 more
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Acquired by
TCV
(Apr 18, 2024)
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People of Believe
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Software Development Team
104 people
Finance and Accounting
31 people
Sales and Marketing
30 people
Head Team
23 people
Human Resources and Administration
22 people
Leadership Team
19 people
Data Analysis and Operations Team
14 people
Label Team
13 people
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Funding Insights of Believe
Believe has successfully raised a total of $66.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $60 million completed in June 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.
Investors in Believe
Believe has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include EQT, GP Bullhound and TCV.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in global technology companies by TCV.
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Venture capital fund focused on tech companies
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M&A and strategic advisory firm
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Locked | Locked | Locked |
Investor details for Believe
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Investments & Acquisitions by Believe
Believe has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Dogan Music, Jo & Co and Sentric HR.
Investment portfolio details for Believe
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Record label
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Locked | Locked | 2010 | Locked | |
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Representation, licensing, and publishing services for music are provided.
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Locked | Locked | 2007 | Locked | |
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Music publishing services are provided for independent artists globally.
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Locked | Locked | 2006 | Locked |
Complete acquisition details for Believe
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- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - Believe
Detailed financials for Believe
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- Historical revenue
- Profit trends
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Believe Comparisons
Peer comparison for Believe
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Competitors of Believe
Believe 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 Vydia, ReverbNation, Haawk, Create Music Group and Nomono, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Videos and audios are published by artists on streaming platforms.
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Online tools connect musicians with fans and industry professionals.
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Online platform for rights management, music distribution, and micro-sync licensing
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| Locked | Locked | Locked |
Diversified solutions for artists and labels are provided.
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AI-enabled hardware and software for music recording are developed.
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Detailed competitors of Believe
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- Domains and locations
- Full company profiles
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Latest news on Believe
Complete news archive for Believe
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- Brand-specific news history
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Frequently Asked Questions about Believe
Believe was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Believe is headquartered in Paris, France.
Believe is a funded company, having raised a total of $66.5M across 2 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Believe is 10.
Annual revenue of Believe is $8.66M as on Mar 31, 2020.
Believe was founded in 2005 in Paris, France, and operates in the digital music sector. Software solutions are provided to independent artists and record labels, encompassing distribution, publishing, and promotional services. The TuneCore platform is offered as a key tool for artists to manage their music independently. Operations focus on enabling access to global markets through technology-driven tools.
Believe's top competitors include Create Music Group, Vydia and Haawk.
Believe has made 5 acquisitions, including Dogan Music, Jo & Co, and Sentric HR.
Believe has 5 investors. Key investors include EQT, GP Bullhound, TCV, XAnge, and Ventech.