Rdio - About the company
Rdio is an acquired company based in San Francisco (United States), founded in 2008. It operates as an On-demand music streaming service provider. Rdio has raised $126M in funding, with last known valuation of $*****. The company has 637 active competitors, including 31 funded and 26 that have exited. Its top competitors include companies like Spotify, Deezer and SoundCloud.
Company Details
Rdio is an online music streaming service provider that offers ad-supported streaming and ad-free subscription streaming services that are available for OS X and Windows, as well as a Windows Store application, mobile devices including Android, BlackBerry, iOS, and Windows devices. It provides music recommendations features including creation of personalized albums, stations, and playlists. Users can discover their friend's music, stream based on the artists and genres, and share music with others on social media platforms.
- Website
- rdio.com
Key Metrics
Founded Year
2008
Location
San Francisco, United States
Stage
Acquired
Total Funding
$126M in 6 rounds
Latest Funding Round
Last Known Valuation
$***** as on Apr 01, 2014
Investors
Ranked
57th among 637 active competitors
Investment & Acquisitions
Exit Details
Acquired by Pandora (Nov 16, 2015)
Rdio's acquisition details
Click here to take a look at Rdio's acquisition in detail
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Rdio's funding and investors
Rdio has raised a total funding of $126M over 6 rounds. Its first funding round was on Oct 14, 2009. Rdio has 4 institutional investors.
Here is the list of recent funding rounds of Rdio:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 2014 | 2124013 | PE | 4297841 | 3322341 | 9050774 | 4639663 |
Dec 2013 | 2028232 | PE | 1830258 | 8685762 | 8300014 | 9718037 |
Nov 2013 | 1170960 | PE | 4182984 | 4729053 | 8024686 | 1209626 |
View details of Rdio's funding rounds and investors
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Rdio's Competitors and alternates
Top competitors of Rdio include Spotify, Deezer and SoundCloud. Here is the list of Top 10 competitors of Rdio, 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 | 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 | 70/100 | |
6th | Napster 1999, Los Angeles (United States), Acquired | B2B platform offering customizable, branded music streaming and download services | - | 67/100 | |
7th | Subscription-based on-demand music streaming platform | $31.9M | 67/100 | ||
8th | TREBEL 2014, Los Angeles (United States), Series B | Music download and streaming app | $30M | 65/100 | |
9th | Myspace 2003, Los Angeles (United States), Acquired | On-demand music streaming and content sharing platform | $42.8M | 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 |
57th | Rdio 2008, San Francisco (United States), Acquired | On-demand music streaming service provider | $126M | 39/100 |
Looking for more details on Rdio's competitors? Click here to see the top ones
Rdio's Investments and acquisitions
Rdio has acquired 2 companies including TastemakerX and Dhingana Music. Rdio has not made any investments as of now.Reports related to Rdio
Here is the latest report on Rdio's sector:
News related to Rdio
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American Express acquires chatbot firm MeziLivemint•Jan 30, 2018•American Express, Mezi, American Express Ventures, Nexus Venture Partners and 11 others
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Pandora up 6% on strong earnings but Rdio and Ticketfly buys don’t pay much yetTechCrunch+•Apr 29, 2016•Pandora, Rdio, Ticket fly, Spotify and 1 other
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Pandora To Buy Rdio Assets For $75M In Cash, Rdio Files Ch.11, Will Shutter ServiceTechCrunch+•Nov 16, 2015•Pandora, Rdio
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Rdio Teams Up With Caribbean Operator Digicel To Expand Into 24 New CountriesTechCrunch+•Jan 22, 2015•Rdio, Digicel Group
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Rdio Acquires India’s Troubled Music Streaming Startup Dhingana To Push For Global ExpansionTechCrunch+•Mar 13, 2014•Rdio, Dhingana Music, Inventus Capital Partners, Helion Venture Partners and 1 other
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Rdio raises $17.5M to boost music-streaming service | VentureBeatVentureBeat•Feb 03, 2011•Rdio, Mangrove Capital Partners, Atomico, Skype
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