Mdundo - About the company
Mdundo is a seed company based in Nairobi (Kenya), founded in 2012 by Martin Moller Nielsen. It operates as a Music streaming platform for African music. Mdundo has raised $125K in funding. The company has 68 active competitors, including 4 funded and 1 that has exited. Its top competitors include companies like Simfy Africa, Tubidy and Masuul.
Company Details
Mdundo is a music streaming platform for African music. Users can stream songs based on genres and artists and download them. Allows users to create personalized music playlists. The mobile app is available for Android devices. Generates revenue through advertisements, in-app purchases, and subscriptions.
Key Metrics
Founded Year
2012
Location
Nairobi, Kenya
Stage
Seed
Total Funding
$125K in 1 round
Latest Funding Round
Investors
Ranked
1st among 68 active competitors
Employee Count
50 as on Jul 31, 2026
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Mdundo's funding and investors
Mdundo has raised a total funding of $125K over 1 round. Its latest funding round was a Angel round on Aug 27, 2013 for $*****. 1 investor participated in its latest round. Mdundo has 2 institutional investors.
Here is the list of recent funding rounds of Mdundo:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 27, 2013 | 8907202 | Angel | 8569393 | 9220164 | 5450134 | 5081853 |
View details of Mdundo's funding rounds and investors
Mdundo's founders and board of directors
Founder? Claim ProfileThe founders of Mdundo is Martin Moller Nielsen.
Here are the details of Mdundo's key team members:
- Martin Moller Nielsen: Co-Founder & CEO of Mdundo.
View details of Mdundo's Founder profiles and Board Members
Mdundo's employee count trend
Mdundo has 50 employees as of Jul 26. Here is Mdundo's employee count trend over the years:
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Mdundo's Competitors and alternates
Top competitors of Mdundo include Simfy Africa, Tubidy and Masuul. Here is the list of Top 10 competitors of Mdundo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Music streaming platform for African music | $125K | 57/100 | ||
2nd | Simfy Africa 2012, Johannesburg (South Africa), Acquired | Music and radio streaming platform for African music | - | - | 51/100 |
3rd | Tubidy 2023, Unfunded | Music streaming and download platform | - | - | 42/100 |
4th | Masuul 2014, San Francisco (United States), Unfunded | App-based African music streaming platform | - | - | 41/100 |
5th | AfroCharts 2020, Milwaukee (United States), Unfunded | Subscription-based African music streaming platform | - | - | 41/100 |
6th | On-demand music streaming application | - | 37/100 | ||
7th | Online Ethiopian music streaming platform | - | - | 35/100 | |
8th | Online platform for streaming music | - | 34/100 | ||
9th | Mziiki 2014, Johannesburg (South Africa), Deadpooled | Open music streaming platform for African music | - | - | 34/100 |
10th | ZAMUSIC 2018, Johannesburg (South Africa), Unfunded | Platform for downloading African music | - | - | 34/100 |
Looking for more details on Mdundo's competitors? Click here to see the top ones
Mdundo's Investments and acquisitions
Mdundo has made no investments or acquisitions yet.
Reports related to Mdundo
Here is the latest report on Mdundo's sector:
News related to Mdundo
Media has covered Mdundo for a total of 2 events in the last 1 year.
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Mdundo and Safaricom Launch Ksh 5 Per Day Music Subscription ServiceTechTrends Media•Dec 18, 2023•Mdundo, Safaricom
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African music service Mdundo’s monthly active users reach 21.5m, up 107% YoYTechiLive.in•Oct 12, 2022•Mdundo
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