About Mugo
Mugo is a company based in Herzliya (Israel) founded in 2016 was acquired by Deezer in July 2020.. Mugo has raised $8.08 million across 3 funding rounds from investors including Deezer and TV Azteca. Mugo operates in a competitive market with competitors including Myspace, FanLabel, Playlist, makromusic and Ultimate Guitar, among others.
- Headquarter Herzliya, Israel
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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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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 Total Funding
- Total Rounds 3
- Last Round Series A — $7.0M
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First Round
First Round
(27 Sep 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2018 | Amount | Series A - Mugo | Valuation | TV Azteca |
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| May, 2017 | Amount | Seed - Mugo | Valuation |
investors |
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| Sep, 2016 | Amount | Seed - Mugo | Valuation |
investors |
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| 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 Mugo
Mugo has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Deezer and TV Azteca. 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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Television network operations are conducted in Mexico.
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Online platform for on-demand music and radio streaming
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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 Mugo
| 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 - Mugo
| 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 |
Mugo Comparisons
Competitors of Mugo
Mugo 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 Myspace, FanLabel, Playlist, makromusic and Ultimate Guitar, 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 |
On-demand music streaming and content sharing platform
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| domain | founded_year | HQ Location |
FanLabel is operated as a music-based gaming platform.
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| domain | founded_year | HQ Location |
Music is discovered and shared via friends' and expert-curated playlists.
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| domain | founded_year | HQ Location |
Online social platform for connecting with people with similar music taste
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| domain | founded_year | HQ Location |
Operates a social networking platform for music enthusiasts and artists.
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| domain | founded_year | HQ Location |
A platform is operated for K-Pop fan engagement.
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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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Frequently Asked Questions about Mugo
When was Mugo founded?
Mugo was founded in 2016.
Where is Mugo located?
Mugo is headquartered in Herzliya, Israel. It is registered at Herzliya, Central District, Israel.
Is Mugo a funded company?
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 27, 2016.
What does Mugo do?
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.
Who are the top competitors of Mugo?
Mugo's top competitors include Myspace, makromusic and Playlist.
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