About Exfm
Exfm is a company based in New York (United States) founded in 2010 was acquired by Napster in August 2014.. Exfm has raised $2.75 million across 3 funding rounds from investors including Napster, Spark Capital and Betaworks. Exfm operates in a competitive market with competitors including Shazam, Record Scanner, WhoSampled, Hibiki Run and Tunefind, among others.
- Headquarter New York, United States
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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Funding Insights of Exfm
Exfm has successfully raised a total of $2.75M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.5 million completed in February 2012. 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 3
- Last Round Seed — $1.5M
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First Round
First Round
(16 May 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2012 | Amount | Seed - Exfm | Valuation | Spark Capital |
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| Apr, 2011 | Amount | Seed - Exfm | Valuation | Betaworks , Founder Collective |
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| May, 2010 | Amount | Seed - Exfm | Valuation |
investors |
| 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 |
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Investors in Exfm
Exfm has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Napster, Spark Capital and Betaworks. 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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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Investing in creators, organizing AI events, and building community in New York.
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Venture capital firm focused on tech sectors
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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 Exfm
| 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 |
Financial Statements - Exfm
| 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 |
Exfm Comparisons
Competitors of Exfm
Exfm 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 Shazam, Record Scanner, WhoSampled, Hibiki Run and Tunefind, 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 |
App-based music identification platform
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App for scanning, identifying, and valuing vinyl, CD, and cassette collections.
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| domain | founded_year | HQ Location |
Provides an ad-supported platform for music discovery and identification.
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| domain | founded_year | HQ Location |
NFT-based music recognition platform
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| domain | founded_year | HQ Location |
Music discovery platform for TV and movies
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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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Frequently Asked Questions about Exfm
When was Exfm founded?
Exfm was founded in 2010.
Where is Exfm located?
Exfm is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Exfm a funded company?
Exfm is a funded company, having raised a total of $2.75M across 3 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on May 16, 2010.
What does Exfm do?
Exfm was founded in 2010 in New York, United States, as a platform in the music discovery sector. Songs encountered during web browsing were identified automatically and cataloged to form personal libraries. MP3 files detected online were collected, with recommendations generated from the accumulated data. Operations focused on social sharing of music experiences. The company was acquired by Rhapsody in July 2014.
Who are the top competitors of Exfm?
Exfm's top competitors include Shazam, Tunefind and Hack the Track.
Who are Exfm's investors?
Exfm has 4 investors. Key investors include Napster, Spark Capital, Betaworks, and Founder Collective.