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Myspace - About the company

Myspace is an acquired company based in Los Angeles (United States), founded in 2003 by Chris DeWolfe, Josh Berman, Tom Anderson and Abhishek Kumar. It operates as an On-demand music streaming and content sharing platform. Myspace has raised $42.8M in funding. The company has 690 active competitors, including 51 funded and 30 that have exited. Its top competitors include companies like Spotify, Deezer and SoundCloud.

Company Details

Myspace is an on-demand music streaming and content sharing platform. The platform provides news content for the media industry. Allows artists such as musicians, designers, writers, and photographers to connect with audiences, collaborators, and partners. Generates revenue through advertisements. The mobile app is available for Android and iOS devices.
Social
X
Key Metrics
Founded Year
2003
Location
Los Angeles, United States
Stage
Acquired
Total Funding
$42.8M in 2 rounds
Latest Funding Round
Ranked
Employee Count
201 - 500 as on Jul 01, 2024
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Specific Media (Jun 29, 2011)

Myspace's acquisition details

Myspace got acquired by Specific Media on Jun 29, 2011 at an acquisition amount of $35M. It was facilitated by Inverness Advisors.
Click here to take a look at Myspace's acquisition in detail
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Myspace's funding and investors

Myspace has raised a total funding of $42.8M over 2 rounds. Its first funding round was on Feb 15, 2005. Its latest funding round was a Series A round on Mar 2005 for $*****. 1 investor participated in its latest round. Myspace has 5 institutional investors.

Here is the list of recent funding rounds of Myspace:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Mar 2005
8586481
Series A
7147245
7338887
1026849
9917933
Feb 15, 2005
1929932
Series A
8076601
1904810
1765592
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Myspace's founders and board of directors

Founder? Claim Profile
The founders of Myspace are Chris DeWolfe, Josh Berman, Tom Anderson and Abhishek Kumar.
Here are the details of Myspace's key team members:

Myspace's employee count trend

Myspace has 201 - 500 employees as of Jul 24. Here is Myspace's employee count trend over the years:
Employee count trend for Myspace
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Myspace's Competitors and alternates

Top competitors of Myspace include Spotify, Deezer and SoundCloud. Here is the list of Top 10 competitors of Myspace, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Spotify
Spotify
2006, Stockholm (Sweden), Public
Provider of a platform for streaming digital music and podcasts
$2.06B
87/100
2nd
Logo for Deezer
Deezer
2007, Paris (France), Public
Online platform for on-demand music and radio streaming
$445M
82/100
3rd
Logo for SoundCloud
SoundCloud
2007, Germany, Series F
Provider of online platform for streaming and listening to music
$438M
71/100
4th
Logo for Tidal
Tidal
2014, New York City (United States), Acquired
Subscription-based online music streaming platform
$200M
69/100
5th
Logo for Stingray
Stingray
2007, Montreal (Canada), Public
Provider of curated audio and video content for businesses and consumers
-
-
69/100
6th
Logo for Qobuz
Qobuz
2007, Paris (France), Series B
Subscription-based on-demand music streaming platform
$31.9M
66/100
7th
Logo for Napster
Napster
1999, Los Angeles (United States), Acquired
B2B platform offering customizable, branded music streaming and download services
-
66/100
8th
Logo for TREBEL
TREBEL
2014, Los Angeles (United States), Series B
Music download and streaming app
$30M
65/100
9th
Logo for Audiomack
Audiomack
2011, New York City (United States), Series A
Music platform empowering artists with free uploads and global fan engagement
$6.43M
-
64/100
10th
Logo for ROXi
ROXi
2014, London (United Kingdom), Acquired
Provider of smart stereo hardware for music listening
$39.9M
63/100
12th
Logo for Myspace
Myspace
2003, Los Angeles (United States), Acquired
On-demand music streaming and content sharing platform
$42.8M
62/100
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Looking for more details on Myspace's competitors? Click here to see the top ones

Myspace's Investments and acquisitions

Myspace has not made any investments yet. Myspace has made 6 acquisitions.
Here is the list of latest three $acquisitions:lockFilter this list
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Aug 24, 2010
Acquisition
2008
Palo Alto (United States)
Jan 13, 2010
Acquisition
2008
Santa Monica (United States)
Nov 18, 2009
Acquisition
2004
San Francisco (United States)
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Reports related to Myspace

Here is the latest report on Myspace's sector:

News related to Myspace

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MeWe Appoints Jeffrey Edell as New CEOMarTech SeriesApr 13, 2021MeWe, Myspace
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