About Qsic
Qsic is a company based in Melbourne (Australia) founded in 2012 by Matthew Elsley and Nick Larkins.. Qsic has raised $44 million across 2 funding rounds from investors including Hedosophia and Carthona Capital. Qsic offers products and services including AI Audio Platform, HQ Platform, and Campaign Reporting. Qsic operates in a competitive market with competitors including Soundtrack Your Brand, PlayNetwork, Listen, Mood Media and Audio Network, among others.
- Headquarter Melbourne, Australia
- Founders Matthew Elsley, Nick Larkins
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$44 M (USD)
in 2 rounds
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Latest Funding Round
$40 M (USD), Series B
Jan 30, 2025
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Investors
Hedosophia
& 1 more
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Employee Count
Employee Count
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Products & Services of Qsic
Qsic offers a comprehensive portfolio of products and services, including AI Audio Platform, HQ Platform, and Campaign Reporting. 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.
AI-driven tool for curating and managing in-store music and messaging.
Platform to monitor and control retail networks and audio devices.
Service for tracking advertising sales and customer engagement metrics.
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Funding Insights of Qsic
Qsic has successfully raised a total of $44M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in January 2025. 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 B — $40.0M
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First Round
First Round
(12 May 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series B - Qsic | Valuation | Hedosophia |
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| May, 2021 | Amount | Series A - Qsic | Valuation | Carthona Capital |
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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 Qsic
Qsic has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Hedosophia and Carthona Capital. 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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Investments in growth-stage companies are made by Hedosophia.
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Founded Year | Domain | Location | |
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US and Australian tech and life sciences are invested in.
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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 Qsic
| 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 - Qsic
| 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 |
Qsic Comparisons
Competitors of Qsic
Qsic 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 Soundtrack Your Brand, PlayNetwork, Listen, Mood Media and Audio Network, 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 solutions for businesses are provided.
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| domain | founded_year | HQ Location |
Audience engagement solution provider for music businesses
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| domain | founded_year | HQ Location |
Customized ringback music and status messages are delivered to callers.
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| domain | founded_year | HQ Location |
Delivers in-store music solutions to enhance business environments.
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| domain | founded_year | HQ Location |
Production music & sound recording library
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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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Latest news on Qsic
Frequently Asked Questions about Qsic
When was Qsic founded?
Qsic was founded in 2012 and raised its 1st funding round 9 years after it was founded.
Where is Qsic located?
Qsic is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Who is the current CEO of Qsic?
Matthew Elsley is the current CEO of Qsic. They have also founded this company.
Is Qsic a funded company?
Qsic is a funded company, having raised a total of $44M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on May 12, 2021.
What does Qsic do?
Qsic was founded in 2012 and is headquartered in Melbourne, Australia. Services in the music streaming sector are offered to businesses, shops, and pubs through professionally curated in-store playlists. A catalog of commercially licensed tracks is maintained to ensure compliance. Operations focus on subscription-based monetization, supporting ambient music needs in commercial settings across the region.
Who are the top competitors of Qsic?
Qsic's top competitors include Soundtrack Your Brand, Vibenomics and Audio Network.
What products or services does Qsic offer?
Qsic offers AI Audio Platform, HQ Platform, and Campaign Reporting.
Who are Qsic's investors?
Qsic has 2 investors. Key investors include Hedosophia, and Carthona Capital.