About Myspace
Myspace is a company based in Los Angeles (United States) founded in 2003 was acquired by Specific Media in June 2011.. Myspace has raised $42.79 million across 2 funding rounds from investors including News Corp, Specific Media and Redpoint Ventures. Myspace has completed 5 acquisitions, including Anywhere.fm, Slingshot Labs and Snocap. Myspace operates in a competitive market with competitors including Deezer, Spotify, SoundCloud, Qobuz and Napster, among others.
- Headquarter Los Angeles, United States
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Uncaged Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$42.79 M (USD)
in 2 rounds
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Latest Funding Round
$37.79 M (USD), Series A
Mar 01, 2005
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Investors
News Corp
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Anywhere.fm
& 4 more
- Acquired by
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Funding Insights of Myspace
Myspace has successfully raised a total of $42.79M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $37.79 million completed in March 2005. 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 2
- Last Round Series A — $37.8M
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First Round
First Round
(15 Feb 2005)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2005 | Amount | Series A - Myspace | Valuation |
investors |
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| Feb, 2005 | Amount | Series A - Myspace | Valuation |
investors |
| 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 Myspace
Myspace has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include News Corp, Specific Media and Redpoint Ventures. 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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Redpoint Ventures is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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New York-based multinational mass media company
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AI-powered programmatic advertising is delivered across digital channels.
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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 Myspace
Myspace has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Anywhere.fm, Slingshot Labs and Snocap. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Technology startups are accelerated by Slingshot Labs studio.
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2008 | ||||
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Limited information available
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2008 | ||||
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Online radio broadcasting and streaming services are provided.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Myspace
| 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 |
Myspace Comparisons
Competitors of Myspace
Myspace 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 Deezer, Spotify, SoundCloud, Qobuz and Napster, 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 |
Online platform for on-demand music and radio streaming
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| domain | founded_year | HQ Location |
Music streaming is offered on-demand to global users.
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| domain | founded_year | HQ Location |
Music streaming services are provided online for free.
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| domain | founded_year | HQ Location |
On-demand music streaming is provided through subscription services.
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| domain | founded_year | HQ Location |
Napster is recognized for providing music streaming platform solutions.
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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 Myspace
Frequently Asked Questions about Myspace
When was Myspace founded?
Myspace was founded in 2003 and raised its 1st funding round 2 years after it was founded.
Where is Myspace located?
Myspace is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Myspace a funded company?
Myspace is a funded company, having raised a total of $42.79M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Feb 15, 2005.
What does Myspace do?
Myspace was established in 2003 in Los Angeles, United States, within the media and entertainment sector. The platform is utilized for on-demand music streaming and content sharing. News content tailored to the media industry is offered. Connections are facilitated among artists such as musicians, designers, writers, and photographers with audiences, collaborators, and partners. Revenue is derived from advertisements. A mobile application is supported on Android and iOS devices.
Who are the top competitors of Myspace?
Myspace's top competitors include Deezer, Spotify and SoundCloud.
How many acquisitions has Myspace made?
Myspace has made 5 acquisitions, including Anywhere.fm, Slingshot Labs, and Snocap.
Who are Myspace's investors?
Myspace has 3 investors. Key investors include News Corp, Specific Media, and Redpoint Ventures.
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