About Rdio
Rdio is a Media & Entertainment company based in San Francisco (United States) founded in 2008, and was acquired by Pandora in November 2015. It operates as an on-demand music streaming services are provided across multiple platforms. Rdio has raised $125.7 million across 6 funding rounds from investors including Skype, Pandora and Atomico. Rdio has completed 2 acquisitions, including Dhingana Music and TastemakerX. Its focus areas include Consumer, Music Tech, Streaming and On Demand. Its competitors include Deezer, Spotify, SoundCloud, Qobuz and Napster and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Rdio was founded in 2008 in San Francisco, United States, as a provider in the music streaming sector. Ad-supported and subscription-based streaming options are offered for desktop systems like OS X and Windows, along with mobile support for Android, BlackBerry, iOS, and Windows devices. Music discovery is facilitated through recommendations, personalized albums, stations, and playlists, while users activities can be shared on social media.
- Total Equity Funding$125.7M (USD)
in 6 rounds
- Latest Funding Round$25M (USD), Private Equity Round
Apr 2014
- InvestorsSkype
& 3 more
- Investments & AcquisitionsDhingana Music
& 1 more
- Acquired byPandora
(Nov 2015)
Funding Insights of Rdio
Rdio has successfully raised a total of $125.7M across 6 strategic funding rounds. The most recent funding activity was a Private Equity Round of $25 million completed in April 2014. 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 $125.7M
- Total Rounds 6
- Last Round Private Equity Round — $25M
- Investors Count 3
All 6 funding rounds of Rdio 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 |
|---|---|---|---|---|---|
| Apr 2014 | $25M | Private Equity Round | – | – | – |
| Dec 2013 | $4.4M | Private Equity Round | – | – | – |
| Nov 2013 | $3.8M | Private Equity Round | – | – | – |
| Sep 2013 | $75M | Private Equity Round | – | – | – |
| Feb 2011 | $17.5M | Series A | – | – | |
| Oct 2009 | – | Seed | – | – |
4 investors in total: 4 institutional.
Investors in Rdio
Rdio has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Skype, Pandora and Atomico.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are directed toward tech sectors. | – | mangrove.vc | Luxembourg, Luxembourg | |
Tech-based companies are invested in by Atomico venture capital fund. | 2006 | atomico.com | London, United Kingdom | |
VoIP software for internet video chats and calls is offered. | 2002 | skype.com | Luxembourg | |
Personalized internet radio stations and playlists are streamed for users. | 2000 | pandora.com | Webster, United States |
Investor details for Rdio
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Investments & Acquisitions by Rdio
Rdio has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Dhingana Music and TastemakerX.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Social music discovery platform | tastemakerx.com | San Francisco, United States | 2011 | Jun 2014 | •••• | |
Indian music is streamed on-demand through Dhingana platform. | dhingana.com | Pune, India | 2007 | Mar 2014 | •••• |
Complete acquisition details for Rdio
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Timeline of Rdio
6 dated milestones of Rdio across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Rdio is founded.
- Funding First funding round.
- Acquisition Acquires Dhingana Music.
- Funding Latest funding round, Private Equity Round, of $25.0M.
- Acquisition Acquires TastemakerX.
- Exit Acquired by Pandora.
Competitors of Rdio
Rdio has 9 listed competitors in our database, 8 of them funded. They include Deezer, Spotify, SoundCloud, Qobuz and Napster, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| deezer.com | 2007 | Paris, France | $445.42M | – | Online platform for on-demand music and radio streaming | |
| spotify.com | 2006 | Stockholm, Sweden | $2.06B | 2,960 | Music streaming is offered on-demand to global users. | |
| soundcloud.com | 2007 | Berlin, Germany | $437.81M | 359 | Music streaming services are provided online for free. | |
| qobuz.com | 2007 | Paris, France | $31.88M | – | On-demand music streaming is provided through subscription services. | |
| napster.com | 1999 | Los Angeles, United States | – | – | Napster is recognized for providing music streaming platform solutions. | |
| myspace.com | 2003 | Los Angeles, United States | $42.79M | – | On-demand music streaming and content sharing platform | |
| trebel.io | 2014 | Los Angeles, United States | $30M | 17 | Music is downloaded and streamed through a mobile application. | |
| beatsmusic.com | 2013 | San Francisco, United States | $120M | – | Curated playlists and personalized music are streamed on-demand. | |
| boomplay.com | 2015 | Guangdong, China | $20M | – | On-demand music streaming is enabled with playlist creation and downloads. |
Detailed competitors of Rdio
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Web traffic of Rdio
Websites that share an audience with Rdio (rdio.com).
Websites whose visitors overlap most with Rdio. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
listen.grooveshark.com | listen.grooveshark.com | 100% | – | – | – |
| mog.com | 100% | – | – | View details | |
| pandora.com | 100% | 14.3M | #4,027 | View details | |
| blip.fm | 99% | 3.9K | #5,662,800 | View details | |
| musically.com | 94% | 213.7K | #216,300 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for Rdio
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- 18 similar websites
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Top companies in Music Tech
10 companies that operate in the same segment as Rdio (Music Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform for on-demand music and radio streaming | 2007 | Paris, Ile de France, France | USD 445.42 M | USD 627.4 M | 1,093 | |
Music streaming is offered on-demand to global users. | 2006 | Stockholm, Stockholm County, Sweden | USD 2.06 B | USD 19.4 B | 19,363 | |
Broadcast radio channels are aggregated and streamed through subscriptions. | 2002 | San Francisco, California, United States | USD 98.35 M | – | – | |
Music streaming services are provided online for free. | 2007 | Berlin, Berlin, Germany | USD 437.81 M | – | – | |
A ticketing platform for live events is offered by DICE. | 2014 | London, England, United Kingdom | USD 238.27 M | – | – | |
Decentralized audio distribution is enabled for creators via blockchain technology. | 2018 | San Francisco, California, United States | USD 16.1 M | – | 44 | |
Music creation and collaboration are enabled through an online platform. | 2013 | New York, New York, United States | USD 164.5 M | – | – | |
Music streaming solutions for businesses are provided. | 2014 | Stockholm, Sweden | USD 54.62 M | – | – | |
Mobile jukebox app is used for venue customer engagement. | 2010 | Oakland, California, United States | USD 6.82 M | – | 80 | |
Music is licensed via a cloud-based platform for professional use. | 2009 | Stockholm, Stockholm County, Sweden | USD 476 M | – | 633 |
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Related news about Rdio
Complete news archive for Rdio
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Frequently Asked Questions about Rdio
Rdio was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Rdio is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Rdio is a funded company, having raised a total of $125.7M across 6 funding rounds to date.
Rdio was founded in 2008 in San Francisco, United States, as a provider in the music streaming sector. Ad-supported and subscription-based streaming options are offered for desktop systems like OS X and Windows, along with mobile support for Android, BlackBerry, iOS, and Windows devices. Music discovery is facilitated through recommendations, personalized albums, stations, and playlists, while users activities can be shared on social media.
Rdio's top competitors include Deezer, Spotify and SoundCloud.
Rdio has made 2 acquisitions, including Dhingana Music, and TastemakerX.
Rdio has 4 investors. Key investors include Skype, Pandora, Atomico, and Mangrove Capital Partners.
Yes. Rdio was acquired by Pandora in November 2015.