About Symphonic
Symphonic is a company based in Tampa (United States) founded in 2006 by Jorge Brea.. Symphonic has raised $41 million across 2 funding rounds from investors including NewSpring Capital and Ballast Point Ventures. Symphonic has completed 1 acquisition, including Streaming Promotions. Symphonic offers products and services including Music Distribution Service, Royalty Collection, Video Distribution, and Analytics Tools. Symphonic operates in a competitive market with competitors including UnitedMasters, DistroKid, FUGA, Stem Disintermedia and CD Baby, among others.
- Headquarter Tampa, United States
- Founders Jorge Brea
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Symphonic Distribution 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
$41 M (USD)
in 2 rounds
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Latest Funding Round
$37 M (USD), Series B
Jan 03, 2022
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Investors
NewSpring Capital
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Symphonic
Symphonic offers a comprehensive portfolio of products and services, including Music Distribution Service, Royalty Collection, Video Distribution, and Analytics Tools. 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.
Distributes music to platforms like Spotify for monetization and reach.
Manages royalties from streaming and user-generated content platforms.
Handles music video uploads and promotion on digital networks.
Provides real-time streaming data from TikTok and other platforms.
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Funding Insights of Symphonic
Symphonic has successfully raised a total of $41M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $37 million completed in January 2022. 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 B — $37.0M
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First Round
First Round
(17 Nov 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series B - Symphonic | Valuation | NewSpring , Ballast Point Ventures |
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| Nov, 2017 | Amount | Series A - Symphonic | Valuation |
investors |
| 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 Symphonic
Symphonic has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include NewSpring Capital and Ballast Point 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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Investment firm focusing on lower-middle market growth, healthcare, and various strategies.
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Founded Year | Domain | Location | |
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Expansion capital is provided by Ballast Point Ventures to growing 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 Symphonic
Symphonic has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Streaming Promotions. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Advertising services for streaming platforms are provided by the company.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Symphonic
| 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 |
Symphonic Comparisons
Competitors of Symphonic
Symphonic 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 UnitedMasters, DistroKid, FUGA, Stem Disintermedia and CD Baby, 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 |
Music rights management & digital music distribution service provider
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| domain | founded_year | HQ Location |
Independent music is distributed online to artists for various stores.
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| domain | founded_year | HQ Location |
FUGA is engaged in music distribution and related services.
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| domain | founded_year | HQ Location |
Digital rights management platform
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| domain | founded_year | HQ Location |
Music distribution and promotion services are provided for independent artists.
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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 Symphonic
Frequently Asked Questions about Symphonic
When was Symphonic founded?
Symphonic was founded in 2006 and raised its 1st funding round 11 years after it was founded.
Where is Symphonic located?
Symphonic is headquartered in Tampa, United States. It is registered at Tampa, Florida, United States.
Who is the current CEO of Symphonic?
Jorge Brea is the current CEO of Symphonic. They have also founded this company.
Is Symphonic a funded company?
Symphonic is a funded company, having raised a total of $41M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Nov 17, 2017.
What does Symphonic do?
Symphonic was founded in 2006 and is headquartered in Tampa, United States. Operations focus on the music industry, where digital distribution, monetization strategies, rights management, marketing support, and playlisting services are delivered to clients. These activities enable content creators and labels to reach global platforms and audiences through established digital channels. The company maintains a presence in key music markets to facilitate efficient service delivery.
Who are the top competitors of Symphonic?
Symphonic's top competitors include UnitedMasters, Stem Disintermedia and DistroKid.
What products or services does Symphonic offer?
Symphonic offers Music Distribution Service, Royalty Collection, Video Distribution, and Analytics Tools.
How many acquisitions has Symphonic made?
Symphonic has made 1 acquisition, including Streaming Promotions.
Who are Symphonic's investors?
Symphonic has 2 investors. Key investors include NewSpring Capital, and Ballast Point Ventures.