InStore Audio Network

Salt Lake City, United States Founded: 2001 • Age: 25 yrs Acquired By Stingray
Power generation projects in Africa are developed and operated.

About InStore Audio Network

InStore Audio Network is a company based in Salt Lake City (United States) founded in 2001, and was acquired by Stingray in January 2022. Power generation projects in Africa are developed and operated. InStore Audio Network has raised $12.1 million across 2 funding rounds from investors including Stingray, Gladstone Capital and InvestorRoom. The company has 12 employees.

Company details

Founded in 2001 and based in Salt Lake City, United States, power generation projects in Africa are developed, acquired, financed, constructed, owned, and operated by the company. Various technologies, including hydroelectric, wind, solar, gas turbine, and waste-to-energy, are utilized. Focus is placed on mid-to-late-stage opportunities, with financing secured through financial partners. Proven technologies ensure reliable power, while fair contracts and environmentally responsible practices are prioritized.

Key Metrics
  • Total Equity Funding
    $12.1M (USD)

    in 2 rounds

  • Latest Funding Round
    $100K (USD), Seed

    May 2013

  • Investors
    Stingray

    & 2 more

  • Employee Count
    12
  • Acquired by
    Stingray

    (Jan 2022)

Funding Insights of InStore Audio Network

InStore Audio Network has successfully raised a total of $12.1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $100 thousand completed in May 2013. 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 $12.1M
  • Total Rounds 2
  • Last Round Seed β€” $100,000
  • First Round $12M

    (May 2012)

  • Investors Count 2

All 2 funding rounds of InStore Audio Network with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
May 2013$100,000Seed––
–
May 2012$12MSeries B––
Valuation history

3 investors in total: 3 institutional.

Investors in InStore Audio Network

InStore Audio Network has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Stingray, Gladstone Capital and InvestorRoom.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Financing solutions are provided to lower middle market companies.
2001gladstonecapital.comMclean, United States
investorroom.com
B2B music and media solutions are delivered for commercial use.
2007stingray.comMontreal, Canada
Premium access

Investor details for InStore Audio Network

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Timeline of InStore Audio Network

4 dated milestones of InStore Audio Network across 21 years, from founding to its latest funding, stage changes and deals.

  1. Founded InStore Audio Network is founded.
  2. Funding First funding round of $12.0M.
  3. Funding Latest funding round, Seed, of $100K.
  4. Exit Acquired by Stingray.
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Frequently Asked Questions about InStore Audio Network

InStore Audio Network was founded in 2001 and raised its 1st funding round 11 years after it was founded.

InStore Audio Network is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.

InStore Audio Network is a funded company, having raised a total of $12.1M across 2 funding rounds to date. The company's 1st funding round was a Series B of $12M, raised on May 2012.

InStore Audio Network has 12 employees.

Founded in 2001 and based in Salt Lake City, United States, power generation projects in Africa are developed, acquired, financed, constructed, owned, and operated by the company. Various technologies, including hydroelectric, wind, solar, gas turbine, and waste-to-energy, are utilized. Focus is placed on mid-to-late-stage opportunities, with financing secured through financial partners. Proven technologies ensure reliable power, while fair contracts and environmentally responsible practices are prioritized.

InStore Audio Network has 3 investors. Key investors include Stingray, Gladstone Capital, and InvestorRoom.

Yes. InStore Audio Network was acquired by Stingray in January 2022.

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