Total amount raised
$685.6 Millions
Latest funding date
07/01/2022
Location
Deezer has successfully raised funding through multiple rounds, with notable investors including LBO France and Orange. The most recent funding round, a Post-IPO Equity round, closed on July 5, 2022.
Deezer offers a variety of subscription plans and features, making it a versatile platform for music streaming. Keep reading to explore the intricacies of Deezer's fundraising journey and the investors backing this innovative platform.
What Is Deezer?
Deezer, founded in August 2006 by Daniel Marhely and Jonathan Benassaya, is a prominent player in the music streaming industry. Headquartered in Paris, France, the company operates globally, offering its services in over 180 countries.
With a workforce of 501-1000 employees, Deezer connects 14 million active users to a vast library of over 53 million tracks. The platform provides various subscription plans, including Deezer Premium, Deezer Free, Deezer HiFi, Deezer Family, Deezer Student, and Deezer Duo, catering to diverse user needs.
How Much Funding Has Deezer Raised?
- Funding Round: Series B
- Amount Raised: €14.7M
- Date: October 2007
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and market entry.
- Funding Round: Venture Round
- Amount Raised: Not publicly disclosed
- Date: July 2009
- Lead Investors: Idinvest Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance platform capabilities.
- Funding Round: Series D
- Amount Raised: €70M
- Date: June 2012
- Lead Investors: Access Industries
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Funding Round: Private Equity Round
- Amount Raised: €100M
- Date: October 2012
- Lead Investors: Idinvest Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and competitive positioning in the market.
- Funding Round: Series E
- Amount Raised: $110M
- Date: January 2016
- Lead Investors: Access Industries
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen market position and financial stability.
- Funding Round: Series F
- Amount Raised: €160M ($186M)
- Date: August 2018
- Lead Investors: Kingdom Holding Company, Orange
- Valuation at Round: €1B ($1.2B)
- Motivation Behind the Round: To accelerate development and strengthen presence in key markets.
- Funding Round: Post-IPO Equity
- Amount Raised: €150M
- Date: July 2022
- Lead Investors: LBO France, Orange
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and market expansion.
Total Amount Raised: $531M
Current Valuation: €1B ($1.2B)
Key Investors
- Access Industries
- Details: Access Industries is a privately held industrial group founded by Len Blavatnik. It has investments in natural resources, chemicals, media, and telecommunications.
- Investment Focus Areas: Media and entertainment, natural resources, chemicals, telecommunications.
- Notable Investments: Warner Music Group, AI startups, various media companies.
- Orange
- Details: Orange is a multinational telecommunications corporation headquartered in France. It provides a range of services including mobile, landline, internet, and IPTV.
- Investment Focus Areas: Telecommunications, digital services, media.
- Notable Investments: Various telecommunications and digital service ventures globally.
- Kingdom Holding Company (KHC)
- Details: Kingdom Holding Company is a Saudi conglomerate holding company based in Riyadh. It is publicly listed on the Tadawul stock exchange.
- Investment Focus Areas: Real estate, hospitality, media, financial services.
- Notable Investments: Twitter, Citigroup, Four Seasons Hotels.
- Rotana
- Details: Rotana is a pan-Arab media conglomerate primarily owned by Prince Al-Waleed bin Talal. It owns assets such as Rotana Studios, Rotana Magazine, Rotana TV, Rotana Radio, Rotana Hotels, and Rotana Records.
- Investment Focus Areas: Media and entertainment, film production, television, radio, magazines, music.
- Notable Investments: Rotana Studios, Rotana Magazine, Rotana TV.
- LBO France
- Details: LBO France is a private equity firm specializing in leveraged buyouts, growth capital, and real estate investments. It invests in mid-sized companies in France and other European countries.
- Investment Focus Areas: Technology, healthcare, industrials.
- Notable Investments: Various private equity investments in European companies.
What's Next for Deezer?
Deezer's future looks promising with significant opportunities on the horizon. The company is poised to expand its presence in key markets like France and Latin America, leveraging its recent €160 million investment. Additionally, the exclusive agreement with Rotana opens doors to the Middle East and North Africa, regions with a growing appetite for digital music streaming.
Given the successful fundraising, Deezer is well-positioned to attract further investments. This financial backing will be crucial as the company navigates the competitive landscape, facing giants like Spotify and Apple Music. However, the challenges are not insurmountable. By focusing on emerging markets and strategic partnerships, Deezer can continue to grow its user base and enhance its platform offerings.
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