When was Akazoo founded?

Akazoo was founded in 2008 and raised its 1st funding round 7 years after it was founded.

Where is Akazoo located?

Akazoo is headquartered in London, United Kingdom.

How many employees does Akazoo have?

As of Mar 31, 2026, the latest employee count at Akazoo is 3.

Is Akazoo a funded company?

Akazoo is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Jul 09, 2015.

When was the latest funding round of Akazoo?

Akazoo's latest funding was a $***** Series A round on Jul 09, 2015, with participation from 2 investors.

What is the annual revenue of Akazoo?

Annual revenue of Akazoo is $145M as on Dec 31, 2016.

Where does Akazoo rank among its competitors?

Akazoo ranks 32nd amongst 646 active competitors, of which 31 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Spotify, which secured an undisclosed amount in Feb, 2023.

Who are the top competitors of Akazoo?

Akazoo's top competitors include Spotify, Deezer and SoundCloud. Among them, Spotify secured the most recent funding round in February, 2023.

Akazoo - 2026 Company Profile, Team, Funding, Competitors & Financials

Akazoo is a public company based in London (United Kingdom), founded in 2008. It operates as an On-demand music streaming platform. Akazoo has raised $18.5M in funding. The company has 646 active competitors, including 31 funded and 26 that have exited. Its top competitors include companies like Spotify, Deezer and SoundCloud.

Company Details

Akazoo is an on-demand music streaming platform that is available for PC and mobile devices. Allows users to stream and share the music on social media platforms. Users can stream the music based on the artists and genres, create the personalized music playlists, and share them with others. The mobile app is available for Android and iOS devices. Generates revenue through subscriptions.

Website: akazoo.com
Social
Part Of

Key Metrics

Founded Year

2008

Location

London, United Kingdom

Stage

Public

Total Funding

$18.5M in 1 round

Latest Funding Round

Series A, Jul 09, 2015, $*****

Investors

Penta Capital & 1 more

Ranked

32^nd among 646 active competitors

Annual Revenue

$145M as on Dec 31, 2016

Employee Count

3 as on Mar 31, 2026

Similar Companies

Spotify & 939 more

Exit Details

Public

View Akazoo's full profile

Akazoo is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
AKAZOO LIMITED CIN: SC344843 , United Kingdom, Active		$145M (As on Dec 31, 2016)	27 (As on Jan 31, 2017)

Akazoo got listed on Sep 11, 2019.

Click here to take a look at Akazoo's IPO in detail

Akazoo has raised a total funding of $18.5M over 1 round. Its latest funding round was a Series A round on Jul 09, 2015 for $*****. 2 investors participated in its latest round. Akazoo has 2 institutional investors.

Here is the list of recent funding rounds of Akazoo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 09, 2015	1500234	Series A	6211098	6262829	6283783	2991412

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View details of Akazoo's funding rounds and investors

Akazoo's employee count trend

Akazoo has 3 employees as of Mar 26. Here is Akazoo's employee count trend over the years:

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Top competitors of Akazoo include Spotify, Deezer and SoundCloud. Here is the list of Top 10 competitors of Akazoo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Spotify 2006, Stockholm (Sweden), Public	Provider of a platform for streaming digital music and podcasts	$2.06B	TCV, Baillie Gifford & 125 others	87/100
2nd	Deezer 2007, Paris (France), Public	Online platform for on-demand music and radio streaming	$445M	Access Industries, Kingdom Holding Company ... & 11 others	82/100
3rd	SoundCloud 2007, Germany, Series F	Provider of online platform for streaming and listening to music	$438M	Twitter, Index Ventures & 20 others	71/100
4th	Stingray 2007, Montreal (Canada), Public	Provider of curated audio and video content for businesses and consumers	-	-	70/100
5th	Tidal 2014, New York City (United States), Acquired	Subscription-based online music streaming platform	$200M	Sprint	70/100
6th	Napster 1999, Los Angeles (United States), Acquired	B2B platform offering customizable, branded music streaming and download services	-	F-Prime Capital, Alumni Ventures & 13 others	67/100
7th	Qobuz 2007, Paris (France), Series B	Subscription-based on-demand music streaming platform	$31.9M	Quebecor, Innovacom & 1 others	67/100
8th	TREBEL 2014, Los Angeles (United States), Series B	Music download and streaming app	$30M	PT MNC Investama, Reform Ventures & 3 others	65/100
9th	Myspace 2003, Los Angeles (United States), Acquired	On-demand music streaming and content sharing platform	$42.8M	Pinnacle Ventures, Disruption Venture Partners ... & 3 others	64/100
10th	Audiomack 2011, New York City (United States), Series A	Music platform empowering artists with free uploads and global fan engagement	$6.43M	-	63/100
32nd	Akazoo 2008, London (United Kingdom), Public	On-demand music streaming platform	$18.5M	Penta Capital, Toscafund Asset Management	42/100