What is DEEZER?
Founded in 2007 and headquartered in Paris, France, DEEZER operates as a comprehensive online music streaming platform. It provides users access to an extensive library of music content from major record labels, including Universal Music Group, Sony Music, and Warner Music Group, as well as a growing selection of podcasts. The service is accessible across a variety of devices, offering both online and offline listening capabilities. DEEZER's strategic positioning within the global music industry is further solidified by its parent company's ownership of Warner Music Group.
How much funding has DEEZER raised?
DEEZER has raised a total of $251.5M across 3 funding rounds:
Series B
$12.5M
Series D
$130M
Series E
$109M
Series B (2009): $12.5M with participation from CM-CIC Capital Privé and IDInvest Partners
Series D (2012): $130M led by Access Industries
Series E (2016): $109M supported by Orange Digital Ventures and Access Industries
Key Investors in DEEZER
CM-CIC Capital Privé
CM-CIC Capital Privé is a venture capital firm managing significant funds, primarily investing in technology companies across France.
Orange Digital Ventures
Orange Digital Ventures is the investment arm of Orange, a global leader in telecommunications, focusing on innovative digital and technology ventures.
Access Industries
Access Industries is a diversified industrial conglomerate that makes strategic global investments, with a focus on media and telecommunications, among other sectors.
What's next for DEEZER?
With a history of substantial capital injections, including a significant Series E round, DEEZER is well-positioned for continued expansion and innovation. The recent major strategic investment signals confidence from its backers in the company's long-term vision and its ability to navigate the evolving digital entertainment market. Future developments are likely to focus on enhancing user experience, expanding content partnerships, and potentially exploring new revenue streams to further solidify its market share against global competitors.
See full DEEZER company page
