About SpinMedia
SpinMedia is a company based in Los Angeles (United States) founded in 2005 by Anthony Batt was acquired by Digital Remedy in December 2016.. SpinMedia has raised $70 million across 5 funding rounds from investors including Digital Remedy, Focus Ventures and Anthem Venture Partners. The company has 7 employees as of December 31, 2016. SpinMedia has completed 3 acquisitions, including Absolutepunk, Deathandtaxes and PureVolume. SpinMedia operates in a competitive market with competitors including Myspace, FanLabel, makromusic, Ultimate Guitar and Jammcard, among others.
- Headquarter Los Angeles, United States
- Employees 7 as on 31 Dec, 2016
- Founders Anthony Batt
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spinmedia Group, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$70 M (USD)
in 5 rounds
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Latest Funding Round
$7.5 M (USD), Series D
Sep 18, 2014
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Investors
Digital Remedy
& 8 more
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Employee Count
7
as on Dec 31, 2016
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Investments & Acquisitions
Absolutepunk
& 2 more
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Acquired by
Digital Remedy
(Dec 28, 2016)
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Funding Insights of SpinMedia
SpinMedia has successfully raised a total of $70M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $7.5 million completed in September 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 Total Funding
- Total Rounds 5
- Last Round Series D — $7.5M
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First Round
First Round
(30 Mar 2008)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2014 | Amount | Series D - SpinMedia | Valuation |
investors |
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| Feb, 2014 | Amount | Series D - SpinMedia | Valuation |
investors |
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| Mar, 2013 | Amount | Series C - SpinMedia | Valuation |
investors |
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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 SpinMedia
SpinMedia has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Digital Remedy, Focus Ventures and Anthem Venture 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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Expansion-stage investments in US tech and offline sectors are made.
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Founded Year | Domain | Location | |
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Early-stage tech startups in Southern California are invested in.
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Founded Year | Domain | Location | |
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Private equity investments are made in digital infrastructure and technology services.
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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 SpinMedia
SpinMedia has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Absolutepunk, Deathandtaxes and PureVolume. 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
|
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.
|
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 magazine focused on music and musicians
|
2012 | ||||
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American social news webzine
|
2008 | ||||
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Digital music streaming and sharing platform
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - SpinMedia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spinmedia Comparisons
Competitors of SpinMedia
SpinMedia 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 Myspace, FanLabel, makromusic, Ultimate Guitar and Jammcard, 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 |
On-demand music streaming and content sharing platform
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| domain | founded_year | HQ Location |
FanLabel is operated as a music-based gaming platform.
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| domain | founded_year | HQ Location |
Online social platform for connecting with people with similar music taste
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| domain | founded_year | HQ Location |
Operates a social networking platform for music enthusiasts and artists.
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| domain | founded_year | HQ Location |
Online social platform for music professionals
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Spinmedia
Frequently Asked Questions about SpinMedia
When was SpinMedia founded?
SpinMedia was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Where is SpinMedia located?
SpinMedia is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is SpinMedia a funded company?
SpinMedia is a funded company, having raised a total of $70M across 5 funding rounds to date. The company's 1st funding round was a Series C of $15M, raised on Mar 30, 2008.
How many employees does SpinMedia have?
As of Dec 31, 2016, the latest employee count at SpinMedia is 7.
What does SpinMedia do?
SpinMedia was founded in 2005 in Los Angeles, United States, and operates in the online media sector. Platforms are provided for users to share stories, join communities, and explore content focused on music, celebrity news, fashion, photo shoots, and music history. Brands are enabled to connect with audiences and promote products. Over 30 million users and 350 million monthly page views were reported as of February 2016.
Who are the top competitors of SpinMedia?
SpinMedia's top competitors include Myspace, makromusic and Kooky.
How many acquisitions has SpinMedia made?
SpinMedia has made 3 acquisitions, including Absolutepunk, Deathandtaxes, and PureVolume.
Who are SpinMedia's investors?
SpinMedia has 9 investors. Key investors include Digital Remedy, Focus Ventures, Anthem Venture Partners, MC Partners, and TDF Ventures.
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