About Solfeg.io
Solfeg.io is a company based in Riga (Latvia) founded in 2016 by Toms Gale and Lauma Kazaka.. Solfeg.io has raised $1.18 million across 2 funding rounds from investors including LearnLaunch, Iron Wolf Capital and Fast Track Malmö. Solfeg.io offers products and services including Solfeg.io App, School Software, and Song Library. Solfeg.io operates in a competitive market with competitors including Yousician, Simply, Trala, Skoove and iMusic-School, among others.
- Headquarter Riga, Latvia
- Founders Toms Gale, Lauma Kazaka
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Sectors
EducationMedia & 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
$1.18 M (USD)
in 2 rounds
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Latest Funding Round
$1.13 M (USD), Seed
Dec 28, 2021
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Investors
LearnLaunch
& 2 more
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Employee Count
Employee Count
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Products & Services of Solfeg.io
Solfeg.io offers a comprehensive portfolio of products and services, including Solfeg.io App, School Software, and Song Library. 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.
Interactive app for learning instruments via lessons and feedback.
Software for schools to deliver music lessons and track student progress.
Collection of simplified songs for educational music practice.
Funding Insights of Solfeg.io
Solfeg.io has successfully raised a total of $1.18M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.13 million completed in December 2021. 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 Seed — $1.1M
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First Round
First Round
(01 Jun 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Solfeg.io | Valuation | Iron Wolf Capital | |
| Jun, 2019 | Amount | Seed - Solfeg.io | Valuation | Fast Track Malmo |
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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 Solfeg.io
Solfeg.io has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include LearnLaunch, Iron Wolf Capital and Fast Track Malmö. 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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Founded Year | Domain | Location | |
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Edtech startups are accelerated through specialized funding programs.
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Founded Year | Domain | Location | |
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Fast Track Malmö is focused on supporting regional startups.
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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 Solfeg.io
| 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 - Solfeg.io
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Solfeg.Io Comparisons
Competitors of Solfeg.io
Solfeg.io 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 Yousician, Simply, Trala, Skoove and iMusic-School, 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 |
Musical instrument learning is facilitated by an app-based platform.
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| domain | founded_year | HQ Location |
Creative hobbies are made accessible through interactive learning apps by Simply.
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| domain | founded_year | HQ Location |
Trala is focused on providing violin learning through an innovative app.
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| domain | founded_year | HQ Location |
Piano learning solutions are delivered via mobile and SaaS platforms.
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| domain | founded_year | HQ Location |
Video music classes are delivered online for various instruments.
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| domain | founded_year | HQ Location |
Interactive music sheets for various instruments are provided online.
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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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Frequently Asked Questions about Solfeg.io
When was Solfeg.io founded?
Solfeg.io was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Solfeg.io located?
Solfeg.io is headquartered in Riga, Latvia.
Who is the current CEO of Solfeg.io?
Toms Gale is the current CEO of Solfeg.io. They have also founded this company.
Is Solfeg.io a funded company?
Solfeg.io is a funded company, having raised a total of $1.18M across 2 funding rounds to date. The company's 1st funding round was a Seed of $50K, raised on Jun 01, 2019.
What does Solfeg.io do?
Solfeg.io was founded in 2016 in Riga, Latvia, as a provider of software focused on music education. The platform enables users to search for and learn songs, instruct on instruments such as guitar, piano, drums, and bass, and cover music theory fundamentals. Compatibility is maintained with various musical instruments, and revenue is generated through a subscription model. Operations center on digital tools for educational purposes in the music sector.
Who are the top competitors of Solfeg.io?
What products or services does Solfeg.io offer?
Solfeg.io offers Solfeg.io App, School Software, and Song Library.
Who are Solfeg.io's investors?
Solfeg.io has 3 investors. Key investors include LearnLaunch, Iron Wolf Capital, and Fast Track Malmö.
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