About Spotify
Spotify is a company based in Stockholm (Sweden) founded in 2006 by Martin Lorentzon and Daniel Ek. It operates as a Freemium, Subscription Services, and Advertising Model. Spotify has raised $2.06 billion across 12 funding rounds from investors including Fidelity Investments, Goldman Sachs and Telia Company. Spotify has completed 30 acquisitions, including Betty Labs, Chartable and CordProject. Spotify offers products and services including Spotify Web Player and Spotify App. Spotify operates in a competitive market with competitors including Deezer, SoundCloud, Pandora, Myspace and TREBEL, among others.
- Headquarter Stockholm, Sweden
- Founders Martin Lorentzon, Daniel Ek
- Stage Public
-
Sectors
Media & Entertainment
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Spotify Technology S.A.
-
Annual Revenue
$16.95 B (USD)18.38as on Dec 31, 2024
-
Net Profit
$1.23 B (USD)0as on Dec 31, 2024
-
EBITDA
$1.65 B (USD)0as on Dec 31, 2024
-
Total Equity Funding
$2.06 B (USD)
in 12 rounds
-
Latest Funding Round
Not available
-
Investors
Fidelity Investments
& 30 more
-
Employee Count
Not available
-
Investments & Acquisitions
Betty Labs
& 29 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Spotify
Spotify is a publicly listed company on the NYSE with ticker symbol SPOT in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Spotify
Spotify offers a comprehensive portfolio of products and services, including Spotify Web Player and Spotify App.
Music streaming service accessible via web browsers.
Mobile app for streaming music and podcasts.
People of Spotify
Unlock access to complete
Unlock access to complete
Unlock access to complete
Funding Insights of Spotify
Spotify has successfully raised a total of $2.06B across 12 strategic funding rounds. 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 Spotify
Spotify has secured backing from 31 investors, including venture fund and institutional investors. Prominent investors backing the company include Fidelity Investments, Goldman Sachs and Telia Company.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity investment firm based out of USA
|
Locked | Locked | Locked | |
|
Private equity is managed by a family office-backed firm.
|
Locked | Locked | Locked | |
|
Fund of funds focused on pre-seed and seed-stage companies
|
Locked | Locked | Locked |
Investor details for Spotify
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Spotify
Spotify has strategically engaged in corporate development activities, having acquired 30 companies. Notable acquisitions include Betty Labs, Chartable and CordProject.
Investment portfolio details for Spotify
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Musical intro games are hosted on an official online platform.
|
Locked | Locked | 2022 | Locked | |
|
Audio social platform for sports fans is provided via app.
|
Locked | Locked | 2020 | Locked | |
|
Podcast highlights are created and streamed using AI technology.
|
Locked | Locked | 2020 | Locked |
Complete acquisition details for Spotify
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Spotify
Detailed financials for Spotify
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Spotify Comparisons
Peer comparison for Spotify
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Spotify
Spotify 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 Deezer, SoundCloud, Pandora, Myspace and TREBEL, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Online platform for on-demand music and radio streaming
|
|
| Locked | Locked | Locked |
Music streaming services are provided online for free.
|
|
| Locked | Locked | Locked |
Personalized internet radio stations and playlists are streamed for users.
|
|
| Locked | Locked | Locked |
On-demand music streaming and content sharing platform
|
|
| Locked | Locked | Locked |
Music is downloaded and streamed through a mobile application.
|
Detailed competitors of Spotify
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Spotify
Complete news archive for Spotify
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Spotify
Spotify was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Spotify is headquartered in Stockholm, Sweden.
Daniel Ek is the current CEO of Spotify. They have also founded this company.
Spotify is a funded company, having raised a total of $2.06B across 12 funding rounds to date.
Annual revenue of Spotify is $16.95B as on Dec 31, 2024.
Spotify is operated as a global music streaming service, providing access to millions of songs, podcasts, and audio content. It is focused on the digital media sector, offering solutions for both free and premium users. Services are delivered through web players and mobile applications, catering to a wide audience across multiple regions.
Spotify's top competitors include Deezer, SoundCloud and Pandora.
Spotify offers Spotify Web Player and Spotify App.
Yes, Spotify is publicly traded on NYSE under the ticker symbol SPOT.
Spotify has made 30 acquisitions, including Betty Labs, Chartable, and CordProject.
Spotify has 31 investors. Key investors include Fidelity Investments, Goldman Sachs, Telia Company, Kleiner Perkins, and The Coca-Cola.
The ticker symbol of Spotify is SPOT on NYSE.
The valuation of Spotify is $8.53B as of Jun 2015.