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
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $6.0M
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First Round
First Round
(16 Mar 2006)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2007 | Amount | Series B - GrooveMobile | Valuation |
investors |
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| Feb, 2007 | Amount | Series B - GrooveMobile | Valuation |
investors |
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| Mar, 2006 | Amount | Series B - GrooveMobile | 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 |
investors |
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. 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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ORIX USA is engaged in middle market asset management and lending.
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Founded Year | Domain | Location | |
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CRV is recognized as a venture capital firm investing in technology startups.
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Founded Year | Domain | Location | |
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Seed and early stage venture fund investing in North America and Canada
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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 GrooveMobile
| 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 - GrooveMobile
| 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 |
Groovemobile Comparisons
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. 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 |
Online platform for on-demand music and radio streaming
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| domain | founded_year | HQ Location |
Music streaming is offered on-demand to global users.
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| domain | founded_year | HQ Location |
Music streaming services are provided online for free.
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| domain | founded_year | HQ Location |
On-demand music streaming is provided through subscription services.
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| domain | founded_year | HQ Location |
Napster is recognized for providing music streaming platform solutions.
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| domain | founded_year | HQ Location |
On-demand music streaming and content sharing platform
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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 Groovemobile
Frequently Asked Questions about GrooveMobile
When was GrooveMobile founded?
GrooveMobile was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Is GrooveMobile a funded company?
GrooveMobile is a funded company, having raised a total of $17.8M across 3 funding rounds to date. The company's 1st funding round was a Series B of $8.5M, raised on Mar 16, 2006.
What does GrooveMobile do?
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.
Who are the top competitors of GrooveMobile?
GrooveMobile's top competitors include Deezer, Spotify and SoundCloud.
Who are GrooveMobile's investors?
GrooveMobile has 6 investors. Key investors include Livewire Mobile, ORIX USA, CRV, Kodiak Venture Partners, and Egan-Managed Capital.