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.
- Website
- myspace.com
Key Metrics
Founded Year
2003
Location
Los Angeles, United States
Stage
Acquired
Total Funding
$42.8M in 2 rounds
Latest Funding Round
Investors
Ranked
12th among 690 active competitors
Employee Count
201 - 500 as on Jul 01, 2024
Exit Details
Acquired by Specific Media (Jun 29, 2011)
Legal entities associated with Myspace
Myspace is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
UNCAGED LIMITED CIN: 3111325 , New Zealand, Deadpooled | Sep 17, 2010 | - | - |
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 |
View details of Myspace's funding rounds and investors
Myspace's founders and board of directors
Founder? Claim ProfileHere are the details of Myspace's key team members:
- Chris DeWolfe: Former Co-Founder & CEO of Myspace and founder of 1 other company. They are also an angel investor in 1 startup.
- Josh Berman: Co-founder of Myspace and founder of 2 other companies, Slingshot Labs and Lucky.
- Tom Anderson: Former Co-Founder of Myspace.
- Abhishek Kumar: Co-Founder | CTO of Myspace.
View details of Myspace's Founder profiles and Board 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:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of a platform for streaming digital music and podcasts | $2.06B | 87/100 | ||
2nd | Online platform for on-demand music and radio streaming | $445M | 82/100 | ||
3rd | SoundCloud 2007, Germany, Series F | Provider of online platform for streaming and listening to music | $438M | 71/100 | |
4th | Tidal 2014, New York City (United States), Acquired | Subscription-based online music streaming platform | $200M | 69/100 | |
5th | Provider of curated audio and video content for businesses and consumers | - | - | 69/100 | |
6th | Subscription-based on-demand music streaming platform | $31.9M | 66/100 | ||
7th | Napster 1999, Los Angeles (United States), Acquired | B2B platform offering customizable, branded music streaming and download services | - | 66/100 | |
8th | TREBEL 2014, Los Angeles (United States), Series B | Music download and streaming app | $30M | 65/100 | |
9th | 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 | ROXi 2014, London (United Kingdom), Acquired | Provider of smart stereo hardware for music listening | $39.9M | 63/100 | |
12th | Myspace 2003, Los Angeles (United States), Acquired | On-demand music streaming and content sharing platform | $42.8M | 62/100 |
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:
Filter 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) |
See all acquisitions by Myspace
Reports related to Myspace
Here is the latest report on Myspace's sector:
News related to Myspace
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Investing in PLAI Labs | Andreessen HorowitzInvestidollar•Jan 19, 2023•PLAI Labs, Andreessen Horowitz, Myspace, Fortress Investment
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Royal welcome for first occupier to move into refurbished Sovereign HouseTheBusinessDesk.com•Mar 02, 2022•Hillview, Strativ Group, Myspace
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Host of new recruits for Chameleon Business InteriorsInsider Media•Mar 01, 2022•Chameleon-Business-Interiors, Myspace
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CMA CGM announces financial results for 2020Transport Intell•Mar 15, 2021•CMA CGM, Myspace, Lexington
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The Internet Archive has uploaded 450,000 songs collected before Myspace’s massive data lossTechCrunch+•Apr 04, 2019•Myspace
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