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
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Net Profit
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EBITDA
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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
Employee Count
- Investments & Acquisitions
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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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $16.1M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series C - DistroKid | Valuation |
investors |
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| Jun, 2022 | Amount | Series C - DistroKid | Valuation |
investors |
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| Aug, 2021 | Amount | Series B - DistroKid | Valuation | Insight Partners |
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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 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. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology and healthcare sectors
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Founded Year | Domain | Location | |
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Music streaming is offered on-demand to global users.
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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
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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 DistroKid
DistroKid has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bandzoogle. 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
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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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Domain registration and management services are facilitated for users.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - DistroKid
| 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 |
Distrokid Comparisons
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. 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 |
Music rights management & digital music distribution service provider
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| domain | founded_year | HQ Location |
Digital rights management platform
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| domain | founded_year | HQ Location |
FUGA is engaged in music distribution and related services.
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| domain | founded_year | HQ Location |
Blockchain technology is utilized for managing creative rights in music.
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| domain | founded_year | HQ Location |
Provider of digital music distribution, monetization, rights management, marketing, and playlisting services
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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 Distrokid
Frequently Asked Questions about DistroKid
When was DistroKid founded?
DistroKid was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Where is DistroKid located?
DistroKid is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is DistroKid a funded company?
DistroKid is a funded company, having raised a total of $22.48M across 5 funding rounds to date.
What does DistroKid do?
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.
Who are the top competitors of DistroKid?
DistroKid's top competitors include UnitedMasters, Stem Disintermedia and FUGA.
How many acquisitions has DistroKid made?
DistroKid has made 1 acquisition, including Bandzoogle.
Who are DistroKid's investors?
DistroKid has 3 investors. Key investors include Spotify, Insight Partners, and Silversmith.
What is DistroKid's valuation?
The valuation of DistroKid is $1.3B as of Aug 2021.
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