Tag Archives: Spotify

Spotify acquires Preact

Commentary

With over 100 million members, 30 million paid subscribers and millions of new songs added to the platform each week, it’s no surprise why Spotify remains to be the number one music streaming service in the world. But with aggressive competitors like Apple, Pandora, Google and Amazon lurking in the background and ready to move in on its customers, the Swedish music streaming startup will do whatever it takes to remain on the top. Last week, the company acquired customer success startup Preact. Formerly known as Neglect, San Francisco-based Preact is a cloud-based customer success service that uses machine learning, big data analytics and behavioural science to learn more about subscribers and how companies can keep them as paying customers and increase subscription base. According to Jason Richman, VP Product at Spotify, “Finding the trends and behavior patterns in our data that correlate with paid subscriptions is incredibly valuable. The addition of Preact to Spotify’s team will help us design experiences that grow our premium customer base.” The financial terms of the deal were not disclosed.

Spotify acquired CrowdAlbum

Commentary

In an effort to attract more artists and music fans, Spotify has acquired CrowdAlbum. CrowdAlbum was launched in 2013. The company aggregates photos and videos from artists’ performances based on the location and time when these were shared on social media. The albums essentially give artists a visual history of their concerts and help them connect with their fans. Although it’s still not clear if Spotify will shut down CrowdAlbum, which is what it did to its two most recent acquisitions, the company says CrowdAlbum will help them continue to build products and tools for musicians to engage with fans and gain insights about their preferences and behaviours.

You can read about the acquisition here.

Top 20 European Deals for December 2015

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $5,900,000,000 King Digital Activision Blizzard Games Acquisition
2 $1,200,000,000 Avito Naspers Transactions Investment
3 $700,000,000 Acano Cisco Software & Services Acquisition
4 $526,000,000 Spotify Consortium Mobile & Apps Investment
5 $324,510,900 Delivery Hero Undisclosed Transactions Investment
6 $267,625,050 Etraveli ProSiebenSat.1 Transactions Acquisition
7 $254,890,000 Multifonds Temenos Software & Services Acquisition
8 $240,000,000 Runtastic Adidas Mobile & Apps Acquisition
9 $215,351,910 Quandoo Recruit Transactions Acquisition
10 $200,000,000 BlaBlaCar Consortium Transactions Investment
11 $193,779,000 PAY.ON ACI Worldwide Transactions Acquisition
12 $176,946,810 Unruly News Corp Media Investment
13 $150,000,000 Funding Circle Consortium Transactions Investment
14 $126,000,000 HelloFresh Rocket Internet, Insight Venture Partners Transactions Investment
15 $120,000,000 Afrimax Group Consortium Mobile & Apps Investment
16 $117,619,750 Career Partner Apollo Education Group Software & Services Acquisition
17 $115,000,000 Sigfox Undisclosed Software & Services Investment
18 $110,000,000 Foodpanda Rocket Internet Transactions Investment
19 $110,000,000 Delivery Hero Undisclosed Transactions Investment
20 $100,000,000 WorldRemit Technology Crossover Ventures, Accel Partners Transactions Investment

More information

  1. Activision Blizzard to acquire King Digital for $5.9B (GIGA OM)
  2. Naspers Makes US$1.2 Billion Investment in Avito (FinSMEs)
  3. Cisco Snags Acano for $700 Million To Enhance Video Conferencing Capability (TechCrunch)
  4. These Are The Companies That Just Gave Spotify Half A Billion Dollars (Forbes)
  5. Delivery Hero Raises €287M in Financing (FinSMEs)
  6. ProSiebenSat.1 Acquires Etraveli for €235M (FinSMEs)
  7. Temenos Acquires Multifonds for €235M (FinSMEs)
  8. Runtastic Acquired By Adidas For $240M (TechCrunch)
  9. Recruit Acquires Quandoo for €198.6M (FinSMEs)
  10. BlaBlaCar Secures $200M in Series D Funding (FinSMEs)
  11. ACI Worldwide Acquires PAY.ON, for €180M (FinSMEs)
  12. News Corp. to Buy Unruly for up to £114M (FinSMEs)
  13. Funding Circle Raises $150M in Venture Capital (FinSMEs)
  14. HelloFresh Raises $126M in Funding (FinSMEs)
  15. Afrimax Group Raises $120M in Growth Funding (FinSMEs)
  16. Apollo Education Group Acquires Career Partner for up to €107M (FinSMEs)
  17. Sigfox Secures $115M Round of Funding (FinSMEs)
  18. Rocket Internet’s Foodpanda fattens up with $110M funding (Tech In Asia)
  19. Takeout Giant Delivery Hero Raises Another $110M At Over $3.1B Valuation Ahead Of IPO (TechCrunch)
  20. WorldRemit Raises $100M Funding (FinSMEs)

Top 20 Mobile & Apps Deals for December 2015

 

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $810,000,000 PrimeAgain Consortium Mobile & Apps Investment
2 $600,000,000 Kuaidi Dache Consortium Mobile & Apps Investment
3 $537,000,000 Snapchat Consortium Mobile & Apps Investment
4 $526,000,000 Spotify Consortium Mobile & Apps Investment
5 $485,000,000 Snapchat Consortium Mobile & Apps Investment
6 $315,000,000 Ola Consortium Mobile & Apps Investment
7 $240,000,000 Runtastic Adidas Mobile & Apps Acquisition
8 $200,000,000 Snapchat Alibaba Mobile & Apps Investment
9 $200,000,000 Miaopai Consortium Mobile & Apps Investment
10 $186,000,000 Pinterest Consortium Mobile & Apps Investment
11 $158,000,000 AppDynamics Consortium Mobile & Apps Investment
12 $126,000,000 Glu Mobile Tencent Mobile & Apps Investment
13 $120,000,000 Afrimax Group Consortium Mobile & Apps Investment
14 $100,000,000 APUS Group Consortium Mobile & Apps Investment
15 $100,000,000 Banjo Softbank, BlueRun Ventures Mobile & Apps Investment
16 $100,000,000 Edaixi Consortium Mobile & Apps Investment
17 $100,000,000 letgo Naspers Limited Mobile & Apps Investment
18 $100,000,000 Guvera AMMA Private Equity Mobile & Apps Investment
19 $90,000,000 OfferUp Consortium Mobile & Apps Investment
20 $70,000,000 Conga Insight Venture Partners Mobile & Apps Investment

More information

  1. Japan’s PrimeAgain raises $810,000 to further develop ephemeral video sharing app (The Bridge)
  2. KuaiDi Dache Raises US$600M in Funding (FinSMEs)
  3. Snapchat Closes Another Massive Funding Round — $537 Million (Re/code)
  4. These Are The Companies That Just Gave Spotify Half A Billion Dollars (Forbes)
  5. Snapchat Raises $485M in Funding (FinSMEs)
  6. Ola raises blockbuster $315M funding to stay ahead of Uber in India (Tech In Asia)
  7. Runtastic Acquired By Adidas For $240M (TechCrunch)
  8. Alibaba invests $200M in Snapchat (Tech In Asia)
  9. China’s answer to Vine gets new funding, now valued at over $1b (Tech In Asia)
  10. Pinterest Adds $186M To Series G Funding Round, Offers Secondary Sale To Employees (TechCrunch)
  11. AppDynamics Secures $158M in Growth Financing (FinSMEs)
  12. Tencent Will Pay $126M For A 14.6% Stake In Glu Mobile, Maker Of Kim Kardashian: Hollywood (TechCrunch)
  13. Afrimax Group Raises $120M in Growth Funding (FinSMEs)
  14. APUS Group Raises $100M in Series B Financing (FinSMEs)
  15. Banjo Raises $100M in Series C Funding (FinSMEs)
  16. Baidu Leads $100M New Funding Round In Edaixi (China Money Network)
  17. letgo Raises $100M in Series A Funding (FinSMEs)
  18. Music streaming firm Guvera raising US$100M for Indian expansion (e27)
  19. OfferUp Unveils $90M in Total Funding (FinSMEs)
  20. Conga Raises $70M in Funding (FinSMEs)