GrooveMobile
About GrooveMobile
GrooveMobile is a company founded in 2004 was acquired by Livewire Mobile in March 2008. It operates as a B2C. GrooveMobile has raised $17.8 million across 3 funding rounds from investors including Livewire Mobile, ORIX USA and CRV. GrooveMobile operates in a competitive market with competitors including Deezer, Spotify, SoundCloud, Qobuz and Napster, among others.
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Sectors
Media & Entertainment
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Phone
Locked
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Website
Locked
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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
$17.8 M (USD)
in 3 rounds
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Latest Funding Round
$6 M (USD), Series B
Sep 05, 2007
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Investors
Livewire Mobile
& 5 more
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Employee Count
Not available
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Acquired by
Livewire Mobile
(Mar 17, 2008)
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Funding Insights of GrooveMobile
GrooveMobile has successfully raised a total of $17.8M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $6 million completed in September 2007. 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 GrooveMobile
GrooveMobile has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Livewire Mobile, ORIX USA and CRV.
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ORIX USA is engaged in middle market asset management and lending.
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CRV is recognized as a venture capital firm investing in technology startups.
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Seed and early stage venture fund investing in North America and Canada
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Investor details for GrooveMobile
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Investments & Acquisitions by GrooveMobile
Investment portfolio details for GrooveMobile
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Financial Statements - GrooveMobile
Detailed financials for GrooveMobile
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Groovemobile Comparisons
Peer comparison for GrooveMobile
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Competitors of GrooveMobile
GrooveMobile 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 Deezer, Spotify, SoundCloud, Qobuz and Napster, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online platform for on-demand music and radio streaming
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Music streaming is offered on-demand to global users.
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Music streaming services are provided online for free.
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On-demand music streaming is provided through subscription services.
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Napster is recognized for providing music streaming platform solutions.
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On-demand music streaming and content sharing platform
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Detailed competitors of GrooveMobile
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Latest news on Groovemobile
Complete news archive for GrooveMobile
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Frequently Asked Questions about GrooveMobile
GrooveMobile was founded in 2004 and raised its 1st funding round 2 years after it was founded.
GrooveMobile is a funded company, having raised a total of $17.8M across 3 funding rounds to date.
GrooveMobile, established in 2004 and currently in Dissolved stage, focuses on media and entertainment, dealing with music services, streaming services, and p2p platforms. A peer-to-peer platform for music streaming and sharing. Adapting to market demands with innovation and client-focused strategies.
GrooveMobile's top competitors include Deezer, Spotify and SoundCloud.
GrooveMobile has 6 investors. Key investors include Livewire Mobile, ORIX USA, CRV, Kodiak Venture Partners, and Egan-Managed Capital.