About Soundrop
Soundrop is a company based in Oslo (Norway) founded in 2011 was acquired by X5 Group in February 2016. Soundrop has raised $6.4 million across 2 funding rounds from investors including X5 Music Group, Northzone and Investinor. Soundrop offers products and services including Music Distribution, Collaborator Splits, Cover-Song Licensing, and Creator Tools. Soundrop operates in a competitive market with competitors including UnitedMasters, DistroKid, FUGA, Stem Disintermedia and Symphonic, among others.
- Headquarter Oslo, Norway
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Sectors
Media & Entertainment
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Audio And Video Labs, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$6.4 M (USD)
in 2 rounds
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Latest Funding Round
$3.4 M (USD), Series A
Sep 30, 2013
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Investors
X5 Music Group
& 2 more
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Employee Count
Not available
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Acquired by
X5 Group
(Feb 29, 2016)
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Products & Services of Soundrop
Soundrop offers a comprehensive portfolio of products and services, including Music Distribution, Collaborator Splits, Cover-Song Licensing, and Creator Tools.
Platform for sending songs to major music platforms.
Automates sharing of earnings among music collaborators.
Handles licensing for cover songs on distribution platforms.
Provides resources for music creation and administrative tasks.
People of Soundrop
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Funding Insights of Soundrop
Soundrop has successfully raised a total of $6.4M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.4 million completed in September 2013. 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.
Investors in Soundrop
Soundrop has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include X5 Music Group, Northzone and Investinor.
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Early-stage startups are funded by Northzone venture capital.
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X5 Music Group is engaged in digital music curation.
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Investor details for Soundrop
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- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Soundrop
Investment portfolio details for Soundrop
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- Transaction dates
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Financial Statements - Soundrop
Detailed financials for Soundrop
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- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Soundrop Comparisons
Peer comparison for Soundrop
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Soundrop
Soundrop 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 UnitedMasters, DistroKid, FUGA, Stem Disintermedia and Symphonic, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Music rights management & digital music distribution service provider
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Independent music is distributed online to artists for various stores.
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FUGA is engaged in music distribution and related services.
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Digital rights management platform
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Provider of digital music distribution, monetization, rights management, marketing, and playlisting services
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Music distribution and promotion services are provided for independent artists.
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Detailed competitors of Soundrop
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- Full company profiles
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Latest news on Soundrop
Complete news archive for Soundrop
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Soundrop
Soundrop was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Soundrop is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Soundrop is a funded company, having raised a total of $6.4M across 2 funding rounds to date.
Soundrop is a social music service that creates marketing tools for the music business. It launched as a social jukebox app inside Spotifys App Finder in November 2011. Soundrop allows Spotify users to create listening rooms with their existing Spotify playlists. They can share these listening rooms with their friends, and let their friends help curate the rooms by adding songs or voting up tracks and chat about the music as they listen. It also has public rooms dedicated to various music genres such Dubstep, Indie Rock, and Hip hop. It ended service on Dec 31, 2014 and moved to show.co. In Feb16 it got acquired by X5 Music Group for an undisclosed amount.
Soundrop's top competitors include UnitedMasters, Stem Disintermedia and DistroKid.
Soundrop offers Music Distribution, Collaborator Splits, Cover-Song Licensing, and Creator Tools.
Soundrop has 3 investors. Key investors include X5 Music Group, Northzone, and Investinor.