About Mugo
Mugo is a Media & Entertainment company based in Herzliya (Israel) founded in 2016, and was acquired by Deezer in July 2020. Music is aggregated, shared, and discovered via Mugos social player. Mugo has raised $8.08 million across 3 funding rounds from investors including Deezer and TV Azteca. Its focus areas include Consumer, Social Platforms, Interest Based and Music.
Company details
Mugo was founded in 2016 in Herzliya, Israel, as a social music player app focused on streaming and discovery. Music from various sources is aggregated into a single platform, where sharing with friends is enabled. Features include live music sharing for remote listening, 360 VR performance viewing, mood-based playlists, DJ playlist following, and location-based discovery. As of November 2016, the app remained unlaunched and beta testers were being recruited.
Funding Insights of Mugo
Mugo has successfully raised a total of $8.08M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in May 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 $8.08M
- Total Rounds 3
- Last Round Series A — $7M
- First Round $82,000
(Sep 2016)
- Investors Count 1
All 3 funding rounds of Mugo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2018 | $7M | Series A | – | TV Azteca | – |
| May 2017 | $1M | Seed | – | – | – |
| Sep 2016 | $82,000 | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Mugo
Mugo has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Deezer and TV Azteca.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Television network operations are conducted in Mexico. | 1993 | tvazteca.com | Mexico City, Mexico | |
Online platform for on-demand music and radio streaming | 2007 | deezer.com | Paris, France |
Investor details for Mugo
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Timeline of Mugo
4 dated milestones of Mugo across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Mugo is founded.
- Funding First funding round of $82K.
- Funding Latest funding round, Series A, of $7.0M.
- Exit Acquired by Deezer.
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Frequently Asked Questions about Mugo
Mugo was founded in 2016.
Mugo is headquartered in Herzliya, Israel. It is registered at Herzliya, Central District, Israel.
Mugo is a funded company, having raised a total of $8.08M across 3 funding rounds to date. The company's 1st funding round was a Seed of $82K, raised on Sep 2016.
Mugo was founded in 2016 in Herzliya, Israel, as a social music player app focused on streaming and discovery. Music from various sources is aggregated into a single platform, where sharing with friends is enabled. Features include live music sharing for remote listening, 360 VR performance viewing, mood-based playlists, DJ playlist following, and location-based discovery. As of November 2016, the app remained unlaunched and beta testers were being recruited.
Yes. Mugo was acquired by Deezer in July 2020.