About lrts.me
lrts.me is a company based in Shenzhen (China) founded in 2011 was acquired by Tencent Music in January 2021. lrts.me has raised $30.74 million across 3 funding rounds from investors including Tencent Music, Times Publishing Media and CoStone Capital. lrts.me operates in a competitive market with competitors including Podimo, Storytel, Yoto, Beek and Fonos, among others.
- Headquarter Shenzhen, China
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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
$30.74 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
Tencent Music
& 5 more
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Employee Count
Not available
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Acquired by
Tencent Music
(Jan 15, 2021)
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Funding Insights of lrts.me
lrts.me has successfully raised a total of $30.74M across 3 strategic funding rounds. 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 lrts.me
lrts.me has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Tencent Music, Times Publishing Media and CoStone Capital.
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Investments in tech startups are provided by CyberAgent Capital.
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A fund of funds investing across multiple sectors for diversified portfolios.
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Investor details for lrts.me
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Investments & Acquisitions by lrts.me
Investment portfolio details for lrts.me
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Financial Statements - lrts.me
Detailed financials for lrts.me
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Lrts.Me Comparisons
Peer comparison for lrts.me
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of lrts.me
lrts.me 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 Podimo, Storytel, Yoto, Beek and Fonos, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Podcasts and audiobooks are provided through a creator-focused audio platform.
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App-based subscription platform for e-books
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Audio-based learning solutions with stories and music are provided.
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Multi-genre audiobooks are delivered via a SaaS platform.
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Multi-genre audiobooks are delivered via an app-based platform.
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Voxa is engaged in providing digital content like audiobooks.
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Detailed competitors of lrts.me
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Latest news on Lrts.Me
Complete news archive for lrts.me
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Frequently Asked Questions about lrts.me
lrts.me was founded in 2011 and raised its 1st funding round 1 year after it was founded.
lrts.me is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
lrts.me is a funded company, having raised a total of $30.74M across 3 funding rounds to date.
lrts.me offers an online platform and a mobile app to listen to various audio books that are there on its platform. Claims that it has exceeded 100 million users. Ranked 84 in the Top 100 mobile apps of China. Earns revenue through premium memberships. VIP members can download unlimited numbers of books and enjoy services with out Ads. Freelance anchors can contribute and earn money by converting the books to audio books.
lrts.me has 6 investors. Key investors include Tencent Music, Times Publishing Media, CoStone Capital, 3Q Capital, and Fu Hui.