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
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spotify Technology S.A.
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Annual Revenue
$16.95 B18.38as on Dec 31, 2024
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Net Profit
$1.23 B313.86as on Dec 31, 2024
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EBITDA
$1.65 B1024.99as on Dec 31, 2024
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Total Equity Funding
$2.06 B (USD)
in 12 rounds
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Latest Funding Round
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Investors
Fidelity Investments
& 30 more
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Employee Count
Employee Count
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Investments & Acquisitions
Betty Labs
& 29 more
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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. 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.
Music streaming service accessible via web browsers.
Mobile app for streaming music and podcasts.
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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.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Last Round
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First Round
First Round
(01 Jun 2007)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Post-IPO - Spotify | Valuation |
investors |
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| Jun, 2016 | Amount | Series F - Spotify | Valuation |
investors |
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| Apr, 2016 | Amount | Series F - Spotify | Valuation | TPG , Dragoneer Investment Group |
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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 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. 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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Private equity investment firm based out of USA
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Founded Year | Domain | Location | |
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Private equity is managed by a family office-backed firm.
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Founded Year | Domain | Location | |
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Fund of funds focused on pre-seed and seed-stage companies
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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 Spotify
Spotify has strategically engaged in corporate development activities, having acquired 30 companies. Notable acquisitions include Betty Labs, Chartable and CordProject. 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.
|
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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Musical intro games are hosted on an official online platform.
|
2022 | ||||
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Audio social platform for sports fans is provided via app.
|
2020 | ||||
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Podcast highlights are created and streamed using AI technology.
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2020 |
| 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.
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2014 |
Financial Statements - Spotify
| 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 |
Spotify Comparisons
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. 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 |
Online platform for on-demand music and radio streaming
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| domain | founded_year | HQ Location |
Music streaming services are provided online for free.
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| domain | founded_year | HQ Location |
Personalized internet radio stations and playlists are streamed for users.
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| domain | founded_year | HQ Location |
On-demand music streaming and content sharing platform
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| domain | founded_year | HQ Location |
Music is downloaded and streamed through a mobile 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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Latest news on Spotify
Frequently Asked Questions about Spotify
When was Spotify founded?
Spotify was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is Spotify located?
Spotify is headquartered in Stockholm, Sweden.
Who is the current CEO of Spotify?
Daniel Ek is the current CEO of Spotify. They have also founded this company.
Is Spotify a funded company?
Spotify is a funded company, having raised a total of $2.06B across 12 funding rounds to date. The company's 1st funding round was a Series F of $1B, raised on Jun 01, 2007.
What is the annual revenue of Spotify?
Annual revenue of Spotify is $16.95B as on Dec 31, 2024.
What does Spotify do?
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.
Who are the top competitors of Spotify?
Spotify's top competitors include Deezer, SoundCloud and Pandora.
What products or services does Spotify offer?
Spotify offers Spotify Web Player and Spotify App.
Is Spotify publicly traded?
Yes, Spotify is publicly traded on NYSE under the ticker symbol SPOT.
How many acquisitions has Spotify made?
Spotify has made 30 acquisitions, including Betty Labs, Chartable, and CordProject.
Who are Spotify's investors?
Spotify has 31 investors. Key investors include Fidelity Investments, Goldman Sachs, Telia Company, Kleiner Perkins, and The Coca-Cola.
What is Spotify's ticker symbol?
The ticker symbol of Spotify is SPOT on NYSE.
What is Spotify's valuation?
The valuation of Spotify is $8.53B as of Jun 2015.
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