What is Shazam?
Founded in 1999, Shazam Entertainment has evolved from a novel mobile utility into a cornerstone of the digital music and media discovery ecosystem. By leveraging advanced signal processing and machine learning, the company provides users with instantaneous identification of music, television content, and video media. Its market position is defined by its ubiquity on smartphones, serving as a bridge between offline media consumption and digital engagement. As a leader in the mobile internet sector, Shazam has successfully integrated its technology into the daily habits of millions, creating a unique data-driven value proposition for advertisers and content creators alike.
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 Institutional Venture Partners, Kleiner Perkins, and Buran Venture Capital
Key Investors in Shazam
Institutional Venture Partners
IVP is a Menlo Park-based later-stage venture capital firm that raises large growth funds and invests in high-growth technology companies, typically supporting them through scale-up and IPO or M&A exits.
Kleiner Perkins
Kleiner Perkins is a prominent venture capital firm that invests in early and growth-stage technology and life science companies, providing operational support from seed through to acquisition.
DN Capital
DN Capital is a global early-stage venture capital firm focusing on software, AI, and consumer internet sectors, leveraging an extensive network to foster impactful businesses in Europe and North America.
What's next for Shazam?
Looking ahead, the strategic deployment of the $48.9M capital is expected to accelerate the company's efforts in enhancing its recommendation engine and deepening its integration with enterprise-level partners. By focusing on high-growth sectors such as AI-driven content discovery and mobile advertising, Shazam is well-positioned to maintain its competitive edge. The ongoing support from seasoned venture capital firms suggests a clear path toward sustained innovation and potential long-term value creation, as the company continues to adapt its core technology to meet the evolving demands of the global digital media landscape.
See full Shazam company page
