Spotify Stock
Commercial music streaming service
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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
blisce/
Spotify, Pinterest, Bird, Harry's, Casper, Boxed, Imperfect Foods, BlaBlaCar, Candid, LE TOTE
Dragoneer Investment Group
Flipkart, Spotify, Databricks, Airbnb, Instacart, Chime, DoorDash, UiPath, Lacework, Nubank
EquityZen
Lyft, AppDynamics, Spotify, Jawbone, DocuSign, Cloudera, Nutanix, MongoDB, AppNexus, Tintri
Founders Fund
Lyft, SpaceX, Spotify, Airbnb, Stripe, Anduril Industries, Flexport, Palantir Technologies, Wish, Compass
Goldman Sachs
WeWork, Alibaba, Spotify, Compass, Pinterest, Bloom Energy, Oscar Health, Circle, Automation Anywhere, Zymergen
GSV Capital
Spotify, Instacart, Pinterest, Bloom Energy, Dataminr, Course Hero, Handshake, Hotchalk, General Assembly, Jamf
Harmony Partners
AppDynamics, Spotify, Swiggy, Illumio, 6sense, Iterable, Alation, mParticle, Maven Clinic, Zerto
Horizon Ventures
Spotify, Airbnb, Oscar Health, Sentient Technologies, Nile, Chelsio Communications, Voyager Labs, Meta, Waze
K2 Global
One97, Spotify, Magic Leap, Devoted Health, MoonPay, Twilio, Starship Technologies, SIMULATE
Kleiner Perkins Caufield & Byers
Snap, AppDynamics, Spotify, Instacart, Stripe, Magic Leap, DoorDash, Bloom Energy, Slack, Brex
Lakestar
Spotify, Opendoor, Oscar Health, GetYourGuide, Blockchain.com, Symphony Communication Services, Cedar, Taulia, Aetion, Eigen Technologies
Lansdowne Partners
Senvest Capital
Technology Crossover Ventures
Spotify, SeatGeek, AppNexus, Rent the Runway, Vice Media, Avalara, TechStyle Fashion Group, Liquidnet, Payoneer, OneSource Virtual
TPG
Spotify, Zenefits, Toast, Box, Domo, Kaseya, Salsify, Course Hero, MX Technologies, Tanium
Wellington Partners
SoFi, Spotify, UiPath, Pure Storage, The Honest Company, Mozido, Redfin, ForeScout Technologies, New Relic, Onfido
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
gulfnews.com - Nov, 6 2018
Spotify quietly launches in Dubai, and across the Middle East and North AfricaTechCrunch - Nov, 5 2018
Spotify plans to buy back up to $1 billion in stockTechRadar - Nov, 4 2018
Spotify starts testing an official Apple Watch app | TechRadarVariety - May, 2 2018
Spotify Ends First Quarter as a Public Company With 75 Million Paying SubscribersTechCrunch - Feb, 28 2018
Spotify plays the long game with Family and Student Plans even as ...TechCrunch - Jan, 5 2018
Equity podcast: Spotify's impending debut, Uber's done deal, and Nasdaq 7000CNBC - Jan, 5 2018
Spotify reaches 70 million subscribersTechCrunch - Jan, 3 2018
Spotify files to go publicTechCrunch - Jan, 2 2018
Spotify faces $1.6 billion lawsuit from music publisher alleging copyright infringementMusic Ally (blog) - Oct, 24 2017
Spotify investor claims Spotify could be worth $100bn one dayThe Verge - Oct, 20 2017
Spotify announces a program to 'identify and break' new music ...CNBC - Oct, 12 2017
Spotify on pace to grow revenue 40% this year, according to reportFortune - Sep, 28 2017
Spotify Is Likely to IPO at a $20 Billion Valuation- Aug, 22 2017
Spotify launches in Thailand to continue its Asia pushMusic Business Worldwide - Aug, 3 2017
Spotify is set to end 2017 with 70m subscribers and $5bn in revenue. But how much money will it lose?Business Insider - Aug, 3 2017
Spotify has reached a new subscriber milestone - and there's no sign of slowing downBusiness Insider - Aug, 2 2017
Spotify has almost twice as many subscribers as Apple MusicFortune - Jul, 31 2017
How Will Spotify's Direct Listing Work?Billboard - Jun, 22 2017
Inside Spotify's Financials: Is There a Path to Profitability Or an IPO?Forbes - Jun, 15 2017
Spotify's Revenue Spiked In 2016, But Its Losses Rose By A Greater MarginNewstalk 106-108 fm - Apr, 4 2017
Spotify Premium users will get some albums two weeks before othersRecode - Apr, 4 2017
Spotify’s new deal with Universal Music Group means some albums will go behind a paywallNew York Post - Apr, 3 2017
Spotify, UMG finally reach long-term streaming dealFinsmes - Mar, 31 2017
Spotify Acquires MightyTVThe Denver Post - Mar, 31 2017
Spotify, Apple boost music business to best year in two decadesConsumerist - Mar, 31 2017
Streaming Music Revenue Surpasses Other Formats For The First Time EverEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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