When was Spotify founded?

Spotify was founded in 2006 and raised its 1st funding round 1 year after it was founded.

Where is Spotify located?

Spotify is headquartered in Stockholm, Sweden. It is registered at New York, New York.

How many employees does Spotify have?

As of Jul 31, 2026, the latest employee count at Spotify is 19363.

Is Spotify a funded company?

Spotify is a funded company, having raised a total of $2.06B across 12 funding rounds to date. The company's 1st funding round was a $21.6M Series A round, raised on 2007.

When was the latest funding round of Spotify?

Spotify's latest funding was a Post IPO round on Feb 10, 2023, with participation from 1 investor.

What is the annual revenue of Spotify?

Annual revenue of Spotify is more than €1B as on Dec 31, 2025

Is Spotify a Music Tech company?

The primary sectors of Spotify are Music Tech and Radio Tech.

Where does Spotify rank among its competitors?

Spotify ranks 1st amongst 1112 active competitors, of which 35 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Anghami, which secured an undisclosed amount in Mar, 2024.

Who are the top competitors of Spotify?

Spotify's top competitors include Deezer, Pandora and Napster. Among them, Anghami secured the most recent funding round in March, 2024.

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

Spotify is a public company based in Stockholm (Sweden), founded in 2006 by Daniel Ek and Martin Lorentzon. It operates as a Provider of a platform for streaming digital music and podcasts. Spotify has raised $2.06B in funding from investors like Accel, Goldman Sachs and Creandum. The company has 1112 active competitors, including 35 funded and 38 that have exited. Its top competitors include companies like Deezer, Pandora and Napster.

Sectors and market segments that Spotify operate in

Spotify serves in the Media & Entertainment market segments.The primary business model of Spotify are:

Company Details

Provider of a platform for streaming digital music and podcasts. The platform allows users to listen to a wide variety of audio content. It is accessible via web browsers and dedicated applications.

Website: open.spotify.com/
Social
Registered Address: New York, New York

Key Metrics

Founded Year

2006

Location

Stockholm, Sweden

Stage

Public

Total Funding

$2.06B in 12 rounds

Latest Funding Round

Post IPO, Feb 10, 2023, Undisclosed

Investors

Accel & 126 more

Ranked

1^st among 1112 active competitors

Annual Revenue

€1B+ as on Dec 31, 2025

Employee Count

19,363 as on Jul 31, 2026

Investment & Acquisitions

WhoSampled & 35 more

Similar Companies

Deezer & 1416 more

Exit Details

Public

View Spotify's full profile

Spotify is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SPOTIFY TECHNOLOGY S.A. CIN: B123052 , Luxembourg, Active	Aug 01, 2007	€1B+ (As on Dec 31, 2025)	-	-
Spotify India Llp CIN: AAP-6218 , India, Active	Jun 13, 2019	₹500 - ₹1,000 Cr (As on Mar 31, 2025)	124 (As on Aug 01, 2025)
SPOTIFY USA INC. CIN: 800555431 , United States, Active	Dec 31, 1999	-	3281 (As on Dec 31, 2024)	-
Spotify Ab CIN: 556703-7485 , Sweden, Active		€1B+ (As on Dec 31, 2020)	-	-

Spotify got listed on Apr 06, 2018.

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

Spotify has raised a total funding of $2.06B over 12 rounds. Its first funding round was on 2007. Its latest funding round was a Post IPO round on Feb 10, 2023 for an undisclosed amount. 1 investor participated in its latest round. Spotify has 125 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Spotify:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 10, 2023	Undisclosed	Post IPO	-	-	-	ValueAct Capital
2016	Undisclosed	Series F	-	-	-	Ernström & C:o
Apr 08, 2016	$1B	Series F	-	-	TPG, Dragoneer Investment Group	-

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View details of Spotify's funding rounds and investors

The founders of Spotify are Daniel Ek and Martin Lorentzon. Gustav Söderström is the CEO of Spotify.

Here are the details of Spotify's key team members:

Daniel Ek: Co-Founder of Spotify and founder of 4 other companies, including Spotify, Antheia Investment and Neko Health. They are also an angel investor in 4 startups.
Martin Lorentzon: Co-Founder of Spotify and founder of 2 other companies, Spotify and Backstage. They are also an angel investor in 2 startups.
Contact Info: 1 email address

View details of Spotify's Founder profiles and Board Members

Spotify's employee count trend

Spotify has 19,363 employees as of Jul 26. Here is Spotify's employee count trend over the years:

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Top competitors of Spotify include Deezer, Pandora and Napster. Here is the list of Top 10 competitors of Spotify, 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	ADS Ventures, 2020 Ventures & 125 others	86/100
2nd	Deezer 2007, Paris (France), Public	Online platform for on-demand music and radio streaming	$445M	Access Industries, Kingdom Holding Company ... & 11 others	83/100
3rd	Pandora 2000, Webster (United States), Acquired	Personalized audio entertainment streaming service with music and podcast discovery	$56.1M	JANA Partners, SeedFord Partners & 24 others	75/100
4th	Napster 1999, Los Angeles (United States), Acquired	B2B platform offering customizable, branded music streaming and download services	-	Accel, F-Prime Capital & 13 others	75/100
5th	Myspace 2003, Los Angeles (United States), Acquired	On-demand music streaming and content sharing platform	$42.8M	Top Corner Capital, Pinnacle Ventures & 4 others	74/100
6th	Anghami 2011, Jounieh (Lebanon), Acquired	Online music streaming platform offering Arabic music	$2.75M	Middle East Venture Partners, Samena Capital ... & 9 others	72/100
7th	Tidal 2014, New York City (United States), Acquired	Subscription-based online music streaming platform	$200M	Sprint	71/100
8th	Stingray 2007, Montreal (Canada), Public	Provider of curated audio and video content for businesses and consumers	-	-	70/100
9th	SoundCloud 2007, Germany, Series F	Provider of online platform for streaming and listening to music	$438M	Twitter, Index Ventures & 20 others	70/100
10th	Qobuz 2007, Paris (France), Series B	Subscription-based on-demand music streaming platform	$31.9M	Quebecor, Innovacom & 1 others	67/100