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
***********
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Phone
*********
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Website
*********
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Social
*********
- 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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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $60.0M
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First Round
First Round
(01 Jun 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Series B - Believe | Valuation | TCV , XAnge | |
| Jun, 2008 | Amount | Series A - Believe | Valuation | Ventech |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital is invested in global technology companies by TCV.
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Founded Year | Domain | Location | |
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Venture capital fund focused on tech companies
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Founded Year | Domain | Location | |
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M&A and strategic advisory firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Record label
|
2010 | ||||
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Representation, licensing, and publishing services for music are provided.
|
2007 | ||||
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Music publishing services are provided for independent artists globally.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Believe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Believe Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Videos and audios are published by artists on streaming platforms.
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| domain | founded_year | HQ Location |
Online tools connect musicians with fans and industry professionals.
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| domain | founded_year | HQ Location |
Online platform for rights management, music distribution, and micro-sync licensing
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| domain | founded_year | HQ Location |
Diversified solutions for artists and labels are provided.
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| domain | founded_year | HQ Location |
AI-enabled hardware and software for music recording are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Believe
Frequently Asked Questions about Believe
When was Believe founded?
Believe was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Where is Believe located?
Believe is headquartered in Paris, France.
Is Believe a funded company?
Believe is a funded company, having raised a total of $66.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $6.5M, raised on Jun 01, 2008.
How many employees does Believe have?
As of Apr 08, 2024, the latest employee count at Believe is 10.
What is the annual revenue of Believe?
Annual revenue of Believe is $8.66M as on Mar 31, 2020.
What does Believe do?
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.
Who are the top competitors of Believe?
Believe's top competitors include Create Music Group, Vydia and Haawk.
How many acquisitions has Believe made?
Believe has made 5 acquisitions, including Dogan Music, Jo & Co, and Sentric HR.
Who are Believe's investors?
Believe has 5 investors. Key investors include EQT, GP Bullhound, TCV, XAnge, and Ventech.
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