About Sonicbids
Sonicbids is a company based in Boston (United States) founded in 2001 was acquired by Backstage in January 2013.. Sonicbids has raised $4.71 million across 2 funding rounds from investors including Backstage and Edison Partners. Sonicbids has completed 1 acquisition, including ArtistData. Sonicbids offers products and services including EPK, Gig Search, and Band Openings Posting. Sonicbids operates in a competitive market with competitors including BeatStars, PearPop, Fanding, Fud and LetsFAME, among others.
- Headquarter Boston, United States
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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 Sonicbids Corp
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Products & Services of Sonicbids
Sonicbids offers a comprehensive portfolio of products and services, including EPK, Gig Search, and Band Openings Posting. 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.
Tool for creating and sharing electronic press kits for musicians.
Platform for finding and applying to music gigs worldwide.
Service for promoters to post and manage band openings.
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Funding Insights of Sonicbids
Sonicbids has successfully raised a total of $4.71M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $210 thousand completed in August 2010. 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 — $210,000
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First Round
First Round
(13 Aug 2007)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2010 | Amount | Series A - Sonicbids | Valuation |
investors |
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| Aug, 2007 | Amount | Series A - Sonicbids | 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 Sonicbids
Sonicbids has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Backstage and Edison Partners. 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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Provider of a growth equity firm for adaptive and personalized plans
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Founded Year | Domain | Location | |
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Casting opportunities for entertainment industry professionals are facilitated online.
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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 Sonicbids
Sonicbids has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ArtistData. 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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Online music marketing services are provided to music professionals.
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2005 |
| 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 - Sonicbids
| 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 |
Sonicbids Comparisons
Competitors of Sonicbids
Sonicbids 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 BeatStars, PearPop, Fanding, Fud and LetsFAME, 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 |
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| domain | founded_year | HQ Location |
Instrumental music is licensed and distributed via a producer marketplace.
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Monetization-based social platform for content creators is facilitated.
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Fan engagement is enabled via a social content platform.
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| domain | founded_year | HQ Location |
Online social platform for content creators
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| domain | founded_year | HQ Location |
Serves as a networking and talent-hiring platform for the entertainment industry.
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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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On-demand services are booked through an app-based platform.
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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 Sonicbids
Frequently Asked Questions about Sonicbids
When was Sonicbids founded?
Sonicbids was founded in 2001 and raised its 1st funding round 6 years after it was founded.
Where is Sonicbids located?
Sonicbids is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Sonicbids a funded company?
Sonicbids is a funded company, having raised a total of $4.71M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.5M, raised on Aug 13, 2007.
What does Sonicbids do?
Sonicbids was established in 2001 in Boston, United States, as an online platform within the music industry. Connections between bands, music promoters, and brands are enabled through its services. Fan engagement tools, music discovery features, and gig opportunities are offered to users. Revenue is generated primarily through monthly subscription models, supporting operations focused on professional networking for musicians.
Who are the top competitors of Sonicbids?
Sonicbids's top competitors include BeatStars, PearPop and Vinyl Group.
What products or services does Sonicbids offer?
Sonicbids offers EPK, Gig Search, and Band Openings Posting.
How many acquisitions has Sonicbids made?
Sonicbids has made 1 acquisition, including ArtistData.
Who are Sonicbids's investors?
Sonicbids has 2 investors. Key investors include Backstage, and Edison Partners.