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The Founder's Handbook

Top 13 Music Streaming Startups in 2024

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Have you ever wondered who is on the list of Music Streaming companies with the highest growth rates?

You’re not alone.

There are hundreds of companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 13 fast-growing Music Streaming startups that have top-tier venture capital funding.


13 Music Streaming Startups

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1) Deezer

Deezer

Deezer is the world's most diversified, dynamic, and personal global music streaming service, with a one-of-a-kind personalization strategy called Flow.

Details of the startup:

  • Country: France
  • State: Ile-de-France
  • City: Paris
  • Started in: 2006
  • Founders: Daniel Marhely, Jonathan Benassaya
  • Number of employees: 501-1000
  • Funding: $531,773,724
  • Funding rounds: 6
  • Number of investors: 8 (Orange, Idinvest Partners, Xavier Niel, Access Industries, Kingdom Holding Company)

You can find their website here.

2) SoundCloud

SoundCloud

Anyone may produce and share sounds on SoundCloud, a social sound platform.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2007
  • Founders: Alexander Ljung, Eric Quidenus-Wahlforss
  • Number of employees: 251-500
  • Funding: $542,820,688
  • Funding rounds: 10
  • Number of investors: 17 (Index Ventures, GGV Capital, Temasek Holdings, Union Square Ventures, Institutional Venture Partners)

You can find their website here.

3) Epidemic Sound

Epidemic Sound

Epidemic Sound is a music studio that specializes on creating music for online creators.

Details of the startup:

  • Country: Sweden
  • State: Stockholms Lan
  • City: Stockholm
  • Started in: 2009
  • Founders: David Stenmarck, Hjalmar Winbladh, Jan Zachrisson, Oscar Höglund, Peer Åström
  • Number of employees: 251-500
  • Funding: $508,861,893
  • Funding rounds: 5
  • Number of investors: 10 (EQT, Creandum, Blackstone Group, AMF, TIN Fonder)

You can find their website here.

4) Soundtrack Your Brand

Soundtrack Your Brand

Soundtrack Your Brand is a business-oriented background music streaming service featuring tailored background soundtracks.

Details of the startup:

  • Country: Sweden
  • State: Stockholms Lan
  • City: Stockholm
  • Started in: 2013
  • Founders: Andreas Liffgarden, Joel Broms Brosjö, Ola Sars
  • Number of employees: 101-250
  • Funding: $49,009,288
  • Funding rounds: 7
  • Number of investors: 13 (Spotify, Balderton Capital, Creandum, Northzone, Industrifonden)

You can find their website here.

5) Musixmatch

Musixmatch

Musixmatch is a music AI startup that creates algorithms and tools for music discovery, recommendation, and search based on lyrics.

Details of the startup:

  • Country: Italy
  • State: Emilia-Romagna
  • City: Bologna
  • Started in: 2010
  • Founders: Francesco Delfino, Gianluca delli Carri, Giuseppe Costantino, Massimo Ciociola, Valerio Paolini
  • Number of employees: 101-250
  • Funding: $19,335,379
  • Funding rounds: 6
  • Number of investors: 7 (Piton Capital, P101, United Ventures, Micheli Associati, Roberto Condulmari)

You can find their website here.

6) KKBOX

KKBOX

KKBOX is Asia's most popular music streaming service.

Details of the startup:

  • Country: Taiwan
  • State: T'ai-pei
  • City: Taipei
  • Started in: 2004
  • Founders: Kwan Chiun
  • Number of employees: 251-500
  • Funding: $104,000,000
  • Funding rounds: 1
  • Number of investors: 4 (GIC, KDDI, HTC, Chunghwa Telecom)

You can find their website here.

7) Qobuz

Qobuz

Qobuz is an online music service that offers subscription-based streaming and pay-per-download options.

Details of the startup:

  • Country: France
  • State: Ile-de-France
  • City: Paris
  • Started in: 2007
  • Founders: Alexandre Leforestier, Yves Riesel
  • Number of employees: 101-250
  • Funding: € 24,000,000
  • Funding rounds: 3
  • Number of investors: 2 (Innovacom, Sigma Gestion)

You can find their website here.

8) IDAGIO

IDAGIO

IDAGIO is a classical music streaming service.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2015
  • Founders: Christoph Lange, Till Janczukowicz
  • Number of employees: 51-100
  • Funding: $21,247,085
  • Funding rounds: 2
  • Number of investors: 4 (btov Partners, TEV Ventures, RI Digital Ventures, Mülheim/Ruhr)

You can find their website here.

9) JioSaavn

JioSaavn

Saavn is an Indian, Bollywood, and international music streaming service.

Details of the startup:

  • Country: India
  • State: Maharashtra
  • City: Mumbai
  • Started in: 2007
  • Founders: Anjali Naik, Anurag Gupta, Paramdeep Singh, Rishi Malhotra, Vinodh Bhat
  • Number of employees: 101-250
  • Funding: $131,591,747
  • Funding rounds: 7
  • Number of investors: 13 (Reliance Industries, Tiger Global Management, Eniac Ventures, Bertelsmann, Mousse Partners)

You can find their website here.

10) Gaana

Gaana

Gaana is an Indian music streaming service that features songs from Bollywood, Hindi, regional, and international artists.

Details of the startup:

  • Country: India
  • State: Uttar Pradesh
  • City: Noida
  • Started in: 2011
  • Founders: Avinash Mudaliar
  • Number of employees: 251-500
  • Funding: $166,195,349
  • Funding rounds: 3
  • Number of investors: 3 (Tencent, Times Internet, Micromax Informatics)

You can find their website here.

11) NetEase Cloud Music

NetEase Cloud Music

NetEase Cloud Music is an online music portal with streaming capabilities.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2013
  • Founders: William Lei Ding
  • Number of employees: 251-500
  • Funding: $1,408,826,860
  • Funding rounds: 4
  • Number of investors: 10 (Alibaba Group, General Atlantic, CICC, Baidu, Shanghai Media Group)

You can find their website here.

12) Miaopai

Miaopai

Miaopai is working on a video sharing and live streaming platform.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2011
  • Founders: Chan Sheng, Kun Han
  • Number of employees: 11-50
  • Funding: $775,000,000
  • Funding rounds: 6
  • Number of investors: 16 (Sequoia Capital China, Weibo, Redpoint, YG Entertainment, Kleiner Perkins)

You can find their website here.

13) Songtradr

Songtradr

Songradr is an online marketplace for music licensing for films, television shows, advertisements, apps, and other forms of media.

Details of the startup:

  • Country: United States
  • State: California
  • City: Santa Monica
  • Started in: 2014
  • Founders: Paul Wiltshire
  • Number of employees: 101-250
  • Funding: $101,240,000
  • Funding rounds: 9
  • Number of investors: 9 (Regal Funds Management, Perennial Value Management, Aware Super, Richard White, Argo Investments Limited)

You can find their website here.

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