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2018 IPO

Spotify Stock

Commercial music streaming service

About Spotify Stock

Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists. Users can browse through the interface by artist, album, genre, playlist, record label, and direct searches. It also enables individuals to create, share, and edit playlists with other users. If users want recommendations, they can integrate their system with Last.fm, an application that provides music recommendations based on listening history. The radio feature installed in Spotify creates random playlists for its users that are related to preferred artists. Social media integration is a popular feature that enables users to connect their Spotify accounts to their Facebook and Twitter profiles. This enables them to access their friends’ favorite music and playlists and share their choices with others as well. Spotify users can purchase their preferred content through partner retailers. Spotify is available for mobile device platforms such as Android, Blackberry, Boxee, iOS, Linux, MeeGo, Squeezebox, Windows mobile, and more.

Investors

Digital Sky Technologies

Flipkart, Spotify, Robinhood, Wish, Box, Zocdoc

Discovery Capital

SoFi, Spotify, Paytm

Sean Parker

Spotify, NJOY

Senvest Capital

Spotify, Bigfoot Biomedical

Funding History

October 2008$21.8M
August 2009$50.0M
June 2011$98.8M
November 2012$100M
November 2013$243M
July 2015$524M
December 2017$1.1B
April 2018$1.7B

Management

Founder & CEO

Daniel Ek

Founder & Chairman

Martin Lorentzon

Chief Marketing Officer

Seth Farbman

Press

Spotify files to go public

TechCrunch - Jan, 3 2018

Spotify Acquires MightyTV

Finsmes - Mar, 31 2017

Other Companies

EquityZen does not have an affiliation with, formal relationship with, or endorsement from Spotify or any companies feature above. This profile is based on publicly available information and is intended to be informative in nature.

Some data provided by Crunchbase

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