About SphereTrax
SphereTrax is a company based in Hitchin (United Kingdom) founded in 2022 by Sefi Carmel.. SphereTrax has raised $433.68 thousand across 2 funding rounds from investors including Fintage House and Jenson Ventures. SphereTrax offers products and services including Music Licensing Platform. SphereTrax operates in a competitive market with competitors including MixerBox, Discz Music, 8tracks, Moodagent and Swipefy, among others.
- Headquarter Hitchin, United Kingdom
- Founders Sefi Carmel
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Sectors
TechnologyMedia & 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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- Legal Name Spheretrax Limited
- Date of Incorporation 05 May, 2022
- Jurisdiction HITCHIN, HERTFORDSHIRE, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$433.68 K (USD)
in 2 rounds
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Latest Funding Round
$128.03 K (USD), Seed
Jun 20, 2023
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Investors
Fintage House
& 1 more
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Employee Count
Employee Count
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Products & Services of SphereTrax
SphereTrax offers a comprehensive portfolio of products and services, including Music Licensing Platform. 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.
Enables searching and licensing of commercial tracks for creative projects.
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Funding Insights of SphereTrax
SphereTrax has successfully raised a total of $433.68K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $128.03 thousand completed in June 2023. 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 — $128,031
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First Round
First Round
(21 Mar 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - SphereTrax | Valuation | Fintage House |
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| Mar, 2023 | Amount | Seed - SphereTrax | Valuation | Jenson Funding Partners |
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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 SphereTrax
SphereTrax has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Fintage House and Jenson Ventures. 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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Fintage House is engaged in global film and TV rights management.
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Founded Year | Domain | Location | |
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Early-stage investment opportunities are provided by Jenson Ventures.
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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 SphereTrax
| 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 - SphereTrax
| 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 |
Spheretrax Comparisons
Competitors of SphereTrax
SphereTrax 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 MixerBox, Discz Music, 8tracks, Moodagent and Swipefy, 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 |
Summarized news content is delivered through a media application.
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| domain | founded_year | HQ Location |
App-based music discovery platform
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| domain | founded_year | HQ Location |
Offers a platform for music sharing and creating personalized playlists.
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| domain | founded_year | HQ Location |
Music streaming platform
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| domain | founded_year | HQ Location |
A mobile platform for discovering and enjoying music.
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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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Latest news on Spheretrax
Frequently Asked Questions about SphereTrax
When was SphereTrax founded?
SphereTrax was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is SphereTrax located?
SphereTrax is headquartered in Hitchin, United Kingdom. It is registered at Hitchin, Hertfordshire, United Kingdom.
Who is the current CEO of SphereTrax?
Sefi Carmel is the current CEO of SphereTrax. They have also founded this company.
Is SphereTrax a funded company?
SphereTrax is a funded company, having raised a total of $433.68K across 2 funding rounds to date. The company's 1st funding round was a Seed of $305.65K, raised on Mar 21, 2023.
What does SphereTrax do?
SphereTrax was founded in 2022 in Hitchin, United Kingdom, as a provider of an online platform in the music technology sector. A search-engine interface is offered to users for discovering soundtracks and songs. Audio content is made available in formats including VR, AR, and XR. Blockchain technology is employed to manage the licensing process securely. Operations focus on royalty-free access for creators and developers.
Who are the top competitors of SphereTrax?
SphereTrax's top competitors include MixerBox, Discz Music and Moodagent.
What products or services does SphereTrax offer?
SphereTrax offers Music Licensing Platform.
Who are SphereTrax's investors?
SphereTrax has 2 investors. Key investors include Fintage House, and Jenson Ventures.