About Joox Music
Joox Music is a company based in Shenzhen (China) founded in 2014 by Ma Huateng and Xu Chenye.. Joox Music has raised $5.3 million across 4 funding rounds from investors including Fuel Venture Capital, Miami Innovation Fund and Chris Murray. Joox Music offers products and services including Music Player App, JOOX Karaoke, JOOX Rooms, and Trending Videos. Joox Music operates in a competitive market with competitors including Netease Music, KuGou, Kuke, A8 Digital Music and Duomi Music, among others.
- Headquarter Shenzhen, China
- Founders Ma Huateng, Xu Chenye
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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
$5.3 M (USD)
in 4 rounds
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Latest Funding Round
$2.3 M (USD), Seed
Jun 01, 2018
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Investors
Fuel Venture Capital
& 4 more
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Employee Count
Employee Count
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Products & Services of Joox Music
Joox Music offers a comprehensive portfolio of products and services, including Music Player App, JOOX Karaoke, JOOX Rooms, and Trending Videos. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for streaming over 40 million songs and creating playlists.
Feature allowing users to sing and duet with songs anytime.
Live audio and video group chats for music discussions.
Platform for exploring popular short videos and entertainment.
Funding Insights of Joox Music
Joox Music has successfully raised a total of $5.3M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.3 million completed in June 2018. 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 4
- Last Round Seed — $2.3M
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First Round
First Round
(01 Jun 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Seed - Joox Music | Valuation | Fuel Venture Capital |
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| Jun, 2017 | Amount | Seed - Joox Music | Valuation |
investors |
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| Jun, 2015 | Amount | Seed - Joox Music | Valuation | Miami Innovation Fund |
| 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 Joox Music
Joox Music has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Fuel Venture Capital, Miami Innovation Fund and Chris Murray. 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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Innovative investments are targeted by this venture capital firm.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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CM
Chris Murray |
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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 Joox Music
| 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 - Joox Music
| 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 |
Joox Music Comparisons
Competitors of Joox Music
Joox Music 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 Netease Music, KuGou, Kuke, A8 Digital Music and Duomi Music, 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 is streamed and downloaded through an online platform.
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| domain | founded_year | HQ Location |
Music is streamed and downloaded by users via KuGou platform.
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| domain | founded_year | HQ Location |
Online streaming of non-pop music genres is offered by Kuke.
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| domain | founded_year | HQ Location |
China-based music distribution platform
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| domain | founded_year | HQ Location |
A music streaming platform focused on Chinese music.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Joox Music
Frequently Asked Questions about Joox Music
When was Joox Music founded?
Joox Music was founded in 2014.
Where is Joox Music located?
Joox Music is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Who is the current CEO of Joox Music?
Ma Huateng is the current CEO of Joox Music. They have also founded this company.
Is Joox Music a funded company?
Joox Music is a funded company, having raised a total of $5.3M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on Jun 01, 2014.
What does Joox Music do?
Joox Music is a China-based, On-demand online music streaming application. The app is free to download, however, they also have a subscription-based, Joox VIP feature which is ad-free and lets users download songs. The app also allows its customers to share their favorite songs through Wechat. They also provide services like recommended playlists and karaoke. As of November 2017, the app is only available on Android with over 50 million downloads. The service is currently available in countries like China, Hong Kong, Thailand, Malaysia, Indonesia and South Arica and plans to launch in India soon. The App contains songs from Chinese, K-Pop and Western Music amongst many others. In Asia, its main competitor is Spotify.
Who are the top competitors of Joox Music?
Joox Music's top competitors include Netease Music, Kuke and A8 Digital Music.
What products or services does Joox Music offer?
Joox Music offers Music Player App, JOOX Karaoke, JOOX Rooms, and Trending Videos.
Who are Joox Music's investors?
Joox Music has 5 investors. Key investors include Fuel Venture Capital, Miami Innovation Fund, Chris Murray, Armando Perez, and Rick Rourk.