CordProject

Brooklyn, United States Founded: 2014 • Age: 12 yrs Acquired By Spotify
One-tap voice chats are facilitated for individuals or groups.

About CordProject

CordProject is a Telecommunications company based in Brooklyn (United States) founded in 2014, and was acquired by Spotify in January 2016. One-tap voice chats are facilitated for individuals or groups. It operates on a SaaS (Software-as-a-Service) model. CordProject has raised $1.8 million across 1 funding round from investors including Spotify, Lerer Hippeau and Google Ventures. CordProject offers products and services including Cord. Its focus areas include Technology, Software and Communication Tools. Its legal entity is Cord Project Inc. Its competitors include Snapvine, SayNow and Toymail; 3 of its 3 listed competitors have raised funding.

Company details

CordProject is engaged in developing audio communication tools. The company is dedicated to exploring innovative ways audio interaction can be enhanced. Solutions are provided to facilitate seamless communication through their primary product, Cord. Their work spans the technology sector, specifically targeting software for communication purposes. Recently, CordProject has been acquired by Spotify to form a new group focused on audio interaction advancements.

Key Metrics
  • Total Equity Funding
    $1.8M (USD)

    in 1 rounds

  • Latest Funding Round
    $1.8M (USD), Seed

    Sep 2014

  • Investors
    Spotify

    & 16 more

  • Acquired by
    Spotify

    (Jan 2016)

Products & Services of CordProject

CordProject offers a comprehensive portfolio of products and services, including Cord.

Cord
Audio Communication

Cord is developed for audio interaction and communication.

Funding Insights of CordProject

CordProject has successfully raised a total of $1.8M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.8 million completed in September 2014. 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 $1.8M
  • Total Rounds 1
  • Last Round Seed β€” $1.8M
  • First Round $1.8M

    (Sep 2014)

  • Investors Count 16

All 1 funding rounds of CordProject with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Sep 2014$1.8MSeed–Lerer Hippeau, Compound
Valuation history

17 investors in total: 6 institutional and 11 angel.

Investors in CordProject

CordProject has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Spotify, Lerer Hippeau and Google Ventures.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
USA focused VC firm investing in seed and early stage startups
2010lererhippeau.comNew York, United States
Corporate backed venture capital fund investing in multiple sectors
gv.comMountain View, United States
Multiple sectors are targeted for venture capital investments by Greycroft.
greycroft.comNew York, United States
Early-stage tech investments are made primarily in US companies.
slow.coNew York, United States
Compound is recognized as a thesis-driven investment firm.
compound.vcNew York, United States
Music streaming is offered on-demand to global users.
2006spotify.comStockholm, Sweden

Stuart Goldfarb

Angel investor, ex-Amazon, focuses on early-stage Indian startups
unknown_3ab74f3e0adc44079

Dave Morin

Angel investor, entrepreneur, co-founder of Path, early Facebook team member
unknown_144d8b88e4084bb49

Gary Vaynerchuk

Serial entrepreneur, angel investor, and CEO of VaynerMedia, known for digital marketing
unknown_ad398411bef74334a

Pierre Kosciusko Morizet

French entrepreneur, angel investor, co-founder of PriceMinister, active in Indian startups
unknown_b95773a7e5a747379
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Investor details for CordProject

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People of CordProject

3 people are tracked at CordProject (1 in leadership, 2 in team).

NameRoleGroup
Matt Lim
Director, Engineering, AndroidLeadership
Andrew Greene
Senior Software EngineerTeam
Jeff Lee
Android DeveloperTeam
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Timeline of CordProject

3 dated milestones of CordProject across 2 years, from founding to its latest funding, stage changes and deals.

  1. Founded CordProject is founded.
  2. Funding First funding round of $1.8M.
  3. Exit Acquired by Spotify.

Competitors of CordProject

CordProject has 3 listed competitors in our database, 3 of them funded. They include Snapvine, SayNow and Toymail.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
snapvine.com2005Seattle, United States$12M
Offers a mobile app for streamlined voicemail management.
saynow.com2005Palo Alto, United States$7.5M
Service connecting celebrities and fans through mobile
toymail.co2013New York, United States$1.64M
A voice messaging app designed to connect parents with their kids securely.
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Detailed competitors of CordProject

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Top companies in Communication Apps

3 companies that operate in the same segment as CordProject (Communication Apps) in United States, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Family and friends are connected through location-sharing mobile app.
2008San Francisco, California, United StatesUSD 89.74 MUSD 489.48 M569
Live-streaming platform for user connections and content monetization is provided.
2009Mountain View, California, United StatesUSD 373.44 M842
Secure private messaging and multimedia sharing are facilitated worldwide.
2009Menlo Park, California, United StatesUSD 58.25 MUSD 19.89 M6,121
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Related news about Cordproject

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Frequently Asked Questions about CordProject

CordProject was founded in 2014.

CordProject is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.

CordProject is a funded company, having raised a total of $1.8M across 1 funding round to date. The company's 1st funding round was a Seed of $1.8M, raised on Sep 2014.

CordProject is engaged in developing audio communication tools. The company is dedicated to exploring innovative ways audio interaction can be enhanced. Solutions are provided to facilitate seamless communication through their primary product, Cord. Their work spans the technology sector, specifically targeting software for communication purposes. Recently, CordProject has been acquired by Spotify to form a new group focused on audio interaction advancements.

CordProject's top competitors include SayNow, Snapvine and Toymail.

CordProject offers Cord.

CordProject has 17 investors. Key investors include Spotify, Lerer Hippeau, Google Ventures, Greycroft, and Slow Ventures.

CordProject operates through Cord Project Inc..

Yes. CordProject was acquired by Spotify in January 2016.

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