Total amount raised
$685.6 Million
Latest funding date
07/01/2022
Location
Deezer has successfully raised funds through seven distinct funding rounds, with notable investors including LBO France and Orange. The platform has also made strategic investments, such as in the company Driift.
Deezer's financial journey includes a post-IPO equity round and multiple acquisitions, highlighting its dynamic growth in the music streaming industry. Keep reading to explore the intricacies of Deezer's fundraising journey and the investors backing this innovative platform.
What Is Deezer?
Deezer is a global music streaming service based in Paris, Ile-de-France, France. The company operates in the music streaming industry and offers a unique personalization model called Flow. Deezer is available in over 180 countries and supports multiple languages, making it a widely accessible platform.
Founded in an unspecified year, Deezer has grown to employ between 501-1000 people. The platform provides access to over 120 million tracks, including music and podcasts, and offers various subscription plans, including a free tier with ads and premium options with additional features.
How Much Funding Has Deezer Raised?
- Funding Round: Series B
- Amount Raised: EUR 14,700,000
- Date: October 2007
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of the platform.
- Funding Round: Series Unknown
- Amount Raised: Not publicly disclosed
- Date: July 2009
- Lead Investors: Idinvest Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand business operations and enhance product offerings.
- Funding Round: Series D
- Amount Raised: EUR 70,000,000
- Date: June 2012
- Lead Investors: Access Industries
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster the company's financial position and support its growth.
- Funding Round: Private Equity
- Amount Raised: EUR 100,000,000
- Date: October 2012
- Lead Investors: Idinvest Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion.
- Funding Round: Series E
- Amount Raised: USD 110,000,000
- Date: January 2016
- Lead Investors: Access Industries
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster the company's financial position and support its growth.
- Funding Round: Series F
- Amount Raised: EUR 160,000,000
- Date: August 2018
- Lead Investors: Kingdom Holding Company, Orange
- Valuation at Round: EUR 1,000,000,000
- Motivation Behind the Round: To accelerate development and strengthen presence in key markets.
- Funding Round: Post-IPO Equity
- Amount Raised: EUR 150,000,000
- Date: July 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand business operations and enhance product offerings.
Total Amount Raised: USD 1,000,000,000. Current Valuation: EUR 1,000,000,000.
Key Investors
- LBO France
- Details: LBO France is a private equity firm based in France, specializing in leveraged buyouts. The firm has a strong presence in the European market.
- Investment Focus Areas: Private equity, real estate, venture capital.
- Notable Investments: Deezer, various mid-cap companies in France.
- Orange
- Details: Orange is a French multinational telecommunications corporation. It provides a range of services including mobile, landline, internet, and IPTV.
- Investment Focus Areas: Telecommunications, digital services, technology.
- Notable Investments: Deezer, various telecom operations across Europe and Africa.
- Kingdom Holding Company
- Details: Kingdom Holding Company is a Saudi conglomerate holding company based in Riyadh. It is primarily owned by Prince Al-Waleed bin Talal.
- Investment Focus Areas: Real estate, hospitality, media, technology.
- Notable Investments: Twitter, Lyft, Citigroup.
- Access Industries
- Details: Access Industries is a privately held industrial group founded by Len Blavatnik. It has long-term holdings worldwide.
- Investment Focus Areas: Natural resources, chemicals, media, telecommunications, technology, real estate.
- Notable Investments: Warner Music Group, AI-driven companies, various real estate projects.
- Idinvest Partners
- Details: Idinvest Partners is a European private equity and venture capital firm. It focuses on financing small and medium-sized enterprises.
- Investment Focus Areas: Venture capital, private equity, private debt.
- Notable Investments: Deezer, various European SMEs.
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, an exclusive agreement with Rotana opens doors to the Middle East and North Africa, tapping into a growing user base interested in high-quality Arabic music.
Future fundraising efforts could be bolstered by these opportunities, attracting further investments to enhance technological capabilities and market reach. However, Deezer will face challenges, including intense competition from established players like Spotify and new entrants like Google and Amazon. Maintaining and growing its user base in this competitive landscape will be crucial for sustained success.
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