About Pandora
Pandora is a company based in Webster (United States) founded in 2000 was acquired by Sirius XM in September 2018. It operates as a Subscription Services, and Advertising Model. Pandora has raised $56.1 million across 11 funding rounds from investors including SiriusXM, KKR and JPMorgan Chase. Pandora has completed 4 acquisitions, including AdsWizz, Next Big Sound and Rdio. Pandora offers products and services including Pandora Music Streaming. Pandora operates in a competitive market with competitors including Spotify, Deezer, AccuRadio, Slacker and Global, among others.
- Headquarter Webster, United States
- Stage Public
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
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- Legal Name Pandora Media, Inc.
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Products & Services of Pandora
Pandora offers a comprehensive portfolio of products and services, including Pandora Music Streaming. 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.
Music streaming service powered by Music Genome Project.
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Software Development Team
178 people
Leadership Team
147 people
Sales and Marketing
84 people
Product Management Team
58 people
Senior Team
28 people
Operations Team
28 people
Human Resources and Administration
20 people
Data Analysis and Operations Team
18 people
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Funding Insights of Pandora
Pandora has successfully raised a total of $56.1M across 11 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $200 million completed in January 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 11
- Last Round Debt – Conventional — $200.0M
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First Round
First Round
(01 Jun 2000)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Debt – Conventional - Pandora | Valuation |
investors |
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| Sep, 2017 | Amount | Post-IPO - Pandora | Valuation |
investors |
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| Jul, 2017 | Amount | Post-IPO - Pandora | 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 Pandora
Pandora has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include SiriusXM, KKR and JPMorgan Chase. 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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Multiple sectors are invested in by this private equity firm.
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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 | |
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Venture capital firm specializing in early-stage tech investments and founder support.
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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 Pandora
Pandora has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include AdsWizz, Next Big Sound and Rdio. 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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Audio ad servers and measurement platforms are provided for publishers.
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2008 | ||||
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Online music analytics platform
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2008 | ||||
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On-demand music streaming services are provided across multiple platforms.
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2008 |
| 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 - Pandora
| 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 |
Pandora Comparisons
Competitors of Pandora
Pandora 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 Spotify, Deezer, AccuRadio, Slacker and Global, 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 streaming is offered on-demand to global users.
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| domain | founded_year | HQ Location |
Online platform for on-demand music and radio streaming
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| domain | founded_year | HQ Location |
Online radio streaming is offered based on artists and genres.
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| domain | founded_year | HQ Location |
Online personalized radio streaming platform
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| domain | founded_year | HQ Location |
Radio stations are streamed via an online platform.
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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 Pandora
Frequently Asked Questions about Pandora
When was Pandora founded?
Pandora was founded in 2000.
Where is Pandora located?
Pandora is headquartered in Webster, United States. It is registered at Webster, New York, United States.
Is Pandora a funded company?
Pandora is a funded company, having raised a total of $56.1M across 11 funding rounds to date.
What does Pandora do?
Pandora is managed as a leading music streaming service in the United States. It is built on the proprietary Music Genome Project for personalized music recommendations. The platform is focused on delivering online radio and streaming solutions to users, primarily within the digital media and entertainment sector.
Who are the top competitors of Pandora?
What products or services does Pandora offer?
Pandora offers Pandora Music Streaming.
How many acquisitions has Pandora made?
Pandora has made 4 acquisitions, including AdsWizz, Next Big Sound, and Rdio.
Who are Pandora's investors?
Pandora has 15 investors. Key investors include SiriusXM, KKR, JPMorgan Chase, Hearst, and Wells Fargo.
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