About Spoon Radio
Spoon Radio is a company based in Seoul (South Korea) founded in 2013 by Hyukjae Choi.. Spoon Radio has raised $57 million across 2 funding rounds from investors including Naver, SBI Group and KB Investment. Spoon Radio operates in a competitive market with competitors including Clubhouse, EloElo, Tango, Riverside.fm and GroupMe, among others.
- Headquarter Seoul, South Korea
- Founders Hyukjae Choi
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Sectors
Media & EntertainmentTelecommunications
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spoon Radio Co., Ltd
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Annual Revenue
$4.41 B (USD)-8as on Dec 31, 2022
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Net Profit
$550.37 M (USD)128as on Dec 31, 2022
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EBITDA
$550.37 M (USD)128as on Dec 31, 2022
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Total Equity Funding
$57 M (USD)
in 2 rounds
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Latest Funding Round
$40 M (USD), Series C
Dec 23, 2019
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Investors
Naver
& 9 more
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Employee Count
Employee Count
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Funding Insights of Spoon Radio
Spoon Radio has successfully raised a total of $57M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in December 2019. 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 C — $40.0M
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First Round
First Round
(15 Aug 2018)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Series C - Spoon Radio | Valuation | KB Investment | |
| Aug, 2018 | Amount | Series B - Spoon Radio | Valuation | KB Investment , Goodwater Capital |
| 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 Spoon Radio
Spoon Radio has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Naver, SBI Group and KB Investment. 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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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Growth stage companies are targeted for private equity investments.
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Founded Year | Domain | Location | |
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Early-stage companies are funded by this venture capital firm.
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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 Spoon Radio
| 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 - Spoon Radio
| 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 |
Spoon Radio Comparisons
Competitors of Spoon Radio
Spoon Radio 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 Clubhouse, EloElo, Tango, Riverside.fm and GroupMe, 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 |
Audio-based social connections are enabled through mobile app rooms.
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| domain | founded_year | HQ Location |
Live social entertainment is facilitated via an app-based platform.
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| domain | founded_year | HQ Location |
Live-streaming platform for user connections and content monetization is provided.
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| domain | founded_year | HQ Location |
Podcasts are managed and live streamed through a cloud-based platform.
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| domain | founded_year | HQ Location |
Provider of group messaging application
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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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Frequently Asked Questions about Spoon Radio
When was Spoon Radio founded?
Spoon Radio was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Where is Spoon Radio located?
Spoon Radio is headquartered in Seoul, South Korea.
Is Spoon Radio a funded company?
Spoon Radio is a funded company, having raised a total of $57M across 2 funding rounds to date. The company's 1st funding round was a Series B of $17M, raised on Aug 15, 2018.
What is the annual revenue of Spoon Radio?
Annual revenue of Spoon Radio is $4.41B as on Dec 31, 2022.
What does Spoon Radio do?
Spoon Radio was founded in 2013 in Seoul, South Korea, within the digital media sector focused on podcasting. An online platform is operated to enable podcast creation, distribution, and user interactions. Live streaming solutions are provided, with the application accessible on Android and iOS devices. Connections between creators and listeners are supported through the service.
Who are the top competitors of Spoon Radio?
Spoon Radio's top competitors include EloElo, Tango and Riverside.fm.
Who are Spoon Radio's investors?
Spoon Radio has 10 investors. Key investors include Naver, SBI Group, KB Investment, Capstone Partners LP, and IMM Korea.
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