What is Shazam?
Founded in 1999 and headquartered in California, Shazam Entertainment has established itself as a leading platform for music, TV show, and video discovery and sharing on smartphones. The company's core technology allows users to identify media playing around them, providing a seamless bridge between the physical and digital entertainment worlds. Shazam's ability to connect consumers with content has positioned it as a key player in the digital media ecosystem, facilitating discovery and engagement for a global user base.
How much funding has Shazam raised?
Shazam has raised a total of $143.9M across 5 funding rounds:
Unspecified
$32M
Unspecified
$40M
Unspecified
$20M
Private Equity
$3M
Private Equity
$48.9M
Unspecified (2011): $32M with participation from Institutional Venture Partners, DN Capital, and Kleiner Perkins Caufield & Byers
Unspecified (2013): $40M, investors not publicly disclosed
Unspecified (2014): $20M, investors not publicly disclosed
Private Equity (2014): $3M featuring Sony Music
Private Equity (2015): $48.9M backed by Buran Venture Capital, Kleiner Perkins, and Institutional Venture Partners
Key Investors in Shazam
Kleiner Perkins
Kleiner Perkins is a Menlo Park-based venture capital firm that invests in early and growth-stage technology and life science companies, providing capital and operational support from seed through IPO or acquisition.
Institutional Venture Partners
IVP (Institutional Venture Partners) is a Menlo Park-based later-stage venture capital firm that invests in high-growth technology companies, primarily at Series B and beyond, across consumer, enterprise, and fintech.
DN Capital
DN Capital is a global early-stage venture capital firm focusing on Seed, Series A, and select Series B opportunities across Software, AI, Fintech, and Consumer Internet.
What's next for Shazam?
With the recent major strategic investment, Shazam is poised for accelerated development and market penetration. The company's trajectory suggests a focus on enhancing its discovery algorithms, expanding its content partnerships, and potentially exploring new verticals within the entertainment industry. This latest round of financing will likely support strategic acquisitions, international market expansion, and the continued refinement of its user experience, solidifying its position as a vital tool for media discovery.
See full Shazam company page
