Spotify Technology SA

Spotify Technology SA

Spotify Technology SA

Overview
Date Founded

2007

Headquarters

42-44, avenue de la Gare,Luxembourg 1610

Type of Company

Public

Employees (Worldwide)

1,001 - 5,000

Industries

Internet Software & Services
Entertainment

Company Description

Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company enables on-demand streaming of audio content and aim to combat music piracy by offering a user experience, while monetizing licensed content with an ad-supported, free-to-the-user model and a premium, paid model. It provides a marketplace for additional products such as live events and music downloads. The company was founded by Daniel Ek and Martin Lorentzon in 2006 and is headquartered in Luxembourg.

Executives & Employees

Co-Founder, Chairman & Chief Executive Officer

Co-Founder

Chief Financial Officer

Chief Research & Development Officer

Chief Human Resources Officer

Chief Premium Business Officer

Global Head-Markets

Chief Content Officer

Product Owner

Brand Ambassador

Board of Directors

Co-Founder, Chairman & Chief Executive Officer at Spotify Technology SA

Co-Founder at Spotify Technology SA

Chief Development Officer at Shanghai Cyreddy New Energy Vehicle Automobile Co. Ltd.

Chief Content Officer at Netflix, Inc.

General Partner at TCMI, Inc.

Chairman at Reach for Change

Limited Partner at Lead Edge Capital Management LLC

Co-Founder & Chief Executive Officer at Coda Project, Inc.

Former Vice President & General Manager, Nike Stores at Nike, Inc.

Paths to Spotify Technology SA
Potential Connections via
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Spotify Technology SA
Owners & Shareholders
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Baillie Gifford is an active, team-oriented, research-based manager which is completely focused on delivering long-term returns. The firm's investment philosophy focuses on growth while their universe is global. They employ bottom-up conviction to portfolio construction. Their diversified strategies maximize investment opportunities, aiming to achieve steady returns. For equities, Baillie Gifford's analysts conduct qualitative, fundamental analysis to identify the most competitive, innovative and efficient growth companies. For multi-asset strategy, the firm invests in various asset classes such as listed equities, property, high yield credit, commodities, emerging market government bonds and insurance linked securities. For fixed-income, Baillie Gifford invests in government bonds and currencies, emerging market bonds, investment grade and high yield.

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Morgan Stanley Investment Management strives to provide outstanding long-term investment performance and best-in-class service to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. Their global structure leverages the breadth, depth and access of the Morgan Stanley franchise to provide their clients a comprehensive suite of investment management solutions.

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TGM utilizes a variety of methods and strategies to make investment decisions and recommendations. The firm seeks to produce superior long-term, risk-adjusted capital appreciation through its portfolio of long, short, and private investments in global markets. For their public equity investment activities, TGM applies their fundamentally-oriented investment approach to proactively source long and short investment ideas across sectors and geographies. Their investment selection process emphasizes in-depth due diligence through internal and external research and fundamental analysis. TGM's investment staff spends significant time modeling and performing valuation analysis on potential and existing portfolio investments. For their private equity investment activities, TGM applies their fundamentally-oriented investment approach to proactively source new investment opportunities in companies across sectors and geographies. They focus on investments in sectors they believe have strong long-term secular growth fundamentals. The firm's investment selection process emphasizes in-depth due diligence through fundamental analysis and market research based on internal and external sources. TGM's investment staff spends significant time understanding local markets, business models, and secular themes, and performing valuation analysis on potential and existing portfolio investments.

Recent Transactions
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Spotify Technology SA purchases Gimlet Media, Inc. from Stripes Group LLC, Lowercase Capital LLC, Knight Foundation Venture Capital, WPP Plc /Private Equity, Betaworks Investments LLC, Cross Culture Ventures Management LLC

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Spotify Technology SA purchases Anchor FM, Inc. from Accel Partners LLC, Omidyar Network, GV Management Co. LLC, SV Angel LLC, Eniac Ventures, Inc., Tuesday Capital, Acequia Capital LLC, Homebrew Management LLC, Betaworks Investments LLC

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purchases Spotify Technology SA

Transaction Advisors
Investment Advisor

Advised onSpotify Technology SA raised money in a private placement transaction

Legal Advisor

Advised onSpotify Technology SA purchases Gimlet Media, Inc. from Stripes Group LLC, Lowercase Capital LLC, Knight Foundation Venture Capital, WPP Plc /Private Equity, Betaworks Investments LLC, Cross Culture Ventures Management LLC

Investment Advisor

Advised on purchases Spotify Technology SA

Legal Advisor

Advised onSpotify Technology SA, Spotify AB purchase The Echo Nest Corp. from Matrix Management Corp., Norwest Venture Partners, Commonwealth Capital Ventures

Legal Advisor

Advised on purchases Spotify Technology SA

Legal Advisor

Advised onSpotify Technology SA, Spotify USA, Inc. purchase Sonalytic Ltd. from Beast Ventures

Advisors & Consultants
Advisor

General Partner at MaC Venture Capital Management LLC

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Legal Advisor

Former Partner at Wilson Sonsini Goodrich & Rosati PC

Clients

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Viacom, Inc. is a global entertainment content company, which connects with audiences through compelling television programs, motion pictures, short-form video, applications, games, brands for consumer products, social media and other entertainment content. It operates business through Media Networks and Filmed Entertainment segments. The Media Networks segment provides entertainment content, services, and related branded products for consumers in targeted demographics attractive to advertisers, content distributors, and retailers. The Media Networks segment delivers advertising and marketing services under advanced marketing solutions portfolio. The company was founded by Sumner M. Redstone on May 3, 1971 and is headquartered in New York, NY.

Live Nation Entertainment, Inc. is an entertainment company, which engages in producing, marketing and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship & Advertising, Ticketing, and Artist Nation. The Concerts segment involves in the promotion of live music events in owned or operated and in rented third-party venues. The Sponsorship and Advertising segment offers sales force that creates and maintains relationships with sponsors through a combination of international, national, and local opportunities that allow businesses to reach customers through concerts, venue, festivals and ticketing assets, including advertising on websites. The Ticketing segment includes selling of tickets for events on behalf of clients and retains a fee, or service charge for these services. The Artist Nation consists of management services to music artists and clients in exchange for a commission on the earnings of these artists. The company was founded on August 2, 2005 and is headquartered in Beverly Hills, CA.

Key Stats and Financials As of 2018
Market Capitalization
$26.8B
Total Enterprise Value
$18B
Earnings Per Share
$-0.52
Revenue
$6.2B
Net Profit
$-92M
EBITDA
$-13M
EBITDAMargin
-0.21%
Total Debt
$0
Total Equity
$2.39B
Enterprise Value Sales
2.91x
TEVNet Income
-196.07x
Debt TEV
0x
Three Year Compounded Annual Growth Rate Of Revenue
43.8%
Investments
Details Hidden

Tencent Music Entertainment Group engages in the provision of online music entertainment services. It offers one-stop music services and solutions for smart devices, creating a complete music entertainment ecosystem. The company was founded by Jia Xin Peng on June 6, 2012 and is headquartered in Beijing, China.

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Marshmallow Financial Services Ltd. is a startup company. The firm provides financial services. The company was founded by David Goate, Oliver Kent-Braham and Alexander Kent-Braham in 2017 and is headquartered in London, the United Kingdom.

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Canopy Crest Corp. develops an online application. The Canopy App is used to discover the new content in internet without email log in or accounts. The company was founded by Brian Whitman and is headquartered in Brooklyn, NY.

Investors
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Millennium TVP invests primarily in the technology, Internet, media and communications sectors. The firm considers investments across a variety of industries and geographies. They invest in private and public companies and participate in both debt and equity investments. Millennium TVP takes minority positions and also participates in control-oriented transactions. Investment decisions are based on the attractiveness of the investment's fundamentals and the appropriate balance of risk and reward. Millennium TVP does not rely on a predetermined formula regarding sector, stage or size when selecting investments.

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Baillie Gifford is an active, team-oriented, research-based manager which is completely focused on delivering long-term returns. The firm's investment philosophy focuses on growth while their universe is global. They employ bottom-up conviction to portfolio construction. Their diversified strategies maximize investment opportunities, aiming to achieve steady returns. For equities, Baillie Gifford's analysts conduct qualitative, fundamental analysis to identify the most competitive, innovative and efficient growth companies. For multi-asset strategy, the firm invests in various asset classes such as listed equities, property, high yield credit, commodities, emerging market government bonds and insurance linked securities. For fixed-income, Baillie Gifford invests in government bonds and currencies, emerging market bonds, investment grade and high yield.

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Advisor at Bloq, Inc.

Suppliers
Cardlytics, Inc. Internet Software & Services | Atlanta, GA

Cardlytics, Inc. engages in the development of marketing solutions through its purchase intelligence platform. It operates through the Cardlytics Direct and Other Platform Solutions segments. The Cardlytics Direct segment represents its proprietary native bank advertising channel. The Other Platform Solutions segment includes solutions that enable marketers and marketing service providers to leverage the power of purchase intelligence outside the banking channel. The company was founded by Scott D. Grimes, Lynne M. Laube, and Hans Theisen on June 26, 2008 and is headquartered in Atlanta, GA.

Coupa Software, Inc. Accounting & Financial Services | San Mateo, CA

Coupa Software, Inc. engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company's business spend. The company was founded by Noah Eisner and Dave Stephens in 2006 and is headquartered in San Mateo, CA.

American Society of Composers Authors & Publishers operates as a membership association. It is composed of U.S. composers, songwriters, lyricists, and music publishers of every kind of music. The firm protects the rights of its members by licensing and distributing royalties for the non-dramatic public performances of their copyrighted works. The company is headquartered in New York, NY.

Competitors
Facebook, Inc. Internet Software & Services

Facebook, Inc. engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. Its products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.

Amazon.com, Inc. Retail: Other - Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Tencent Holdings Ltd. Internet Software & Services - Shenzhen, GD

Founded in November, 1998, Tencent has grown into one of China's largest and most used Internet service portal. Since its establishment over the last decade, Tencent has maintained steady growth under its user-oriented operating strategies. On June 16, 2004, Tencent Holdings Limited (SEHK 700) went public on the main board of the Hong Kong Stock Exchange. It is Tencent's mission to enhance the quality of human life through Internet services. Presently, Tencent is providing value-added Internet, mobile and telecom services and online advertising under the strategic goal of providing users with "one-stop online lifestyle services". Tencent’s leading Internet platforms in China – QQ (QQ Instant Messenger), QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay – have brought together China's largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, e-commerce and others. As of Sep 30, 2011, the active QQ users accounts for QQ IM amounted to 711.7 million while its peak concurrent users reached 145.4 million. The development of Tencent has profoundly influenced the ways hundreds of millions of Internet users communicate with one another as well as their lifestyles. It also brings possibilities of a wider range of applications to the China’s Internet industry. Looking forward, Tencent remains committed to enhancing its development and innovation capabilities while strengthening its nationwide branding for its long term development. More than 50% of Tencent employees are R&D staff. Tencent has obtained patents relating to the technologies in various areas: instant messaging, e-commerce, online payment services, search engine, information security, gaming, and many more. In 2007, Tencent invested more than RMB100 million in setting up the Tencent Research Institute, China's first Internet research institute, with campuses in Beijing, Shanghai, and Shenzhen. The institute focuses on the self-development of core Internet technologies, in pursuing its development and innovation for the industry. Tencent's long term vision is to become the most respected Internet enterprise. In order to fulfill corporate social responsibilities and to promote civil Internet communities, Tencent has been actively participating in public charity programs. In 2006, Tencent inaugurated the Tencent Charity Fund, the first charity foundation set up by a Chinese Internet enterprise, and the public charity website gongyi.qq.com. The website focuses on youth education, assisting impoverished communities, care for the disadvantaged, and disaster relief. Tencent has currently begun a number of public charity projects across China. It strives to help build a harmonious society and to become a good corporate citizen

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