About DistroKid
DistroKid is a company based in San Francisco (United States) founded in 2013. DistroKid has raised $22.48 million across 5 funding rounds from investors including Spotify, Insight Partners and Silversmith. DistroKid has completed 1 acquisition, including Bandzoogle. DistroKid operates in a competitive market with competitors including UnitedMasters, Stem Disintermedia, FUGA, Blokur and Symphonic, among others.
- Headquarter San Francisco, United States
- Stage Unicorn
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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
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$22.48 M (USD)
in 5 rounds
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Latest Funding Round
$16.05 M (USD), Series C
Jun 08, 2023
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Investors
Spotify
& 2 more
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Employee Count
Not available
- Investments & Acquisitions
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People of DistroKid
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Software Development Team
15 people
Data Analysis and Operations Team
7 people
Operations Team
7 people
Product Management Team
6 people
Sales and Marketing
6 people
Leadership Team
5 people
Human Resources and Administration
4 people
Finance and Accounting
3 people
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Funding Insights of DistroKid
DistroKid has successfully raised a total of $22.48M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $16.05 million completed in June 2023. 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 DistroKid
DistroKid has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Spotify, Insight Partners and Silversmith.
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Investment firm scaling software and technology companies from early to late stages.
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Venture capital firm investing in technology and healthcare sectors
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Music streaming is offered on-demand to global users.
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Investor details for DistroKid
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Investments & Acquisitions by DistroKid
DistroKid has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bandzoogle.
Investment portfolio details for DistroKid
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- Portfolio identities
- Transaction dates
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Domain registration and management services are facilitated for users.
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Complete acquisition details for DistroKid
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- Transaction dates
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- Domains and locations
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Financial Statements - DistroKid
Detailed financials for DistroKid
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Distrokid Comparisons
Peer comparison for DistroKid
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Competitors of DistroKid
DistroKid 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 UnitedMasters, Stem Disintermedia, FUGA, Blokur and Symphonic, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Music rights management & digital music distribution service provider
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Digital rights management platform
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FUGA is engaged in music distribution and related services.
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Blockchain technology is utilized for managing creative rights in music.
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Provider of digital music distribution, monetization, rights management, marketing, and playlisting services
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Detailed competitors of DistroKid
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Latest news on Distrokid
Complete news archive for DistroKid
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Frequently Asked Questions about DistroKid
DistroKid was founded in 2013 and raised its 1st funding round 5 years after it was founded.
DistroKid is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
DistroKid is a funded company, having raised a total of $22.48M across 5 funding rounds to date.
DistroKid was founded in 2013 in San Francisco, United States, within the music technology sector. An online platform is operated to enable independent musicians to upload tracks for distribution to digital stores including Spotify, iTunes, Amazon, and Google Play. Earnings from sales are directed to artists, while revenue is generated via subscription models. Services are extended to solo artists, bands, DJs, and producers across global markets.
DistroKid's top competitors include UnitedMasters, Stem Disintermedia and FUGA.
DistroKid has made 1 acquisition, including Bandzoogle.
DistroKid has 3 investors. Key investors include Spotify, Insight Partners, and Silversmith.
The valuation of DistroKid is $1.3B as of Aug 2021.