How Much Did DistroKid Raise? Headquarters, Funding & Key Investors

With a team of 201-500 employees, DistroKid has raised $22.5M across multiple funding rounds: Series B (Undisclosed, Aug 2021), Series C ($6.42M, Jun 2022), and Series C ($16.1M, Jun 2023). Key investors include CPP Investments, Insight Partners, Silversmith, and Spotify. DistroKid operates as an online independent music distribution platform, enabling musicians, bands, DJs, and producers to distribute their music to platforms like Spotify, iTunes, Amazon, and Google Play while monetizing through subscriptions. With a valuation of $1.3 billion, DistroKid continues to expand its reach and streamline music distribution for independent artists worldwide.

How Much Did DistroKid Raise? Funding & Key Investors

DistroKid, founded in 2013 by Philip Kaplan, is a San Francisco-based company offering an online independent music distribution platform. The platform allows solo musicians, bands, DJs, and producers to upload and distribute music to major online stores, including Spotify, iTunes, Amazon, and Google Play, while earning revenue through subscriptions.

What Is DistroKid and What Does It Do?

DistroKid, founded in 2013 by Philip Kaplan, is a San Francisco-based company headquartered in San Francisco, United States. The company provides an online music distribution platform for independent artists. Its platform allows musicians, bands, DJs, and producers to upload their music and distribute it across multiple online stores, including Spotify, iTunes, Amazon, and Google Play, earning revenue via subscriptions.

With a workforce of 201–500 employees, DistroKid focuses on simplifying music distribution, revenue tracking, and audience growth for independent artists, offering scalable tools and solutions to monetize music efficiently worldwide.

How Much Funding Has DistroKid Raised?

*1. Series C* • Amount Raised: $6.42M
• Date: June 2022
• Motivation: To scale operations and enhance artist platform capabilities.

*2. Series C* • Amount Raised: $16.1M
• Date: June 2023
• Motivation: To accelerate product development, marketing, and global expansion.

Total Funding Raised: $22.5 Million

Current Valuation: $1.3 Billion (as of August 2021)

Latest Funding Date: June 2023

Key Investors

*1. CPP Investments* • Details: A global investment management firm managing public and private assets.
• Investment Focus Areas: Private equity, infrastructure, venture capital.
• Notable Investments: VerSe Innovation, Nykaa, IndoSpace, Auren Energia S.A..

*2. Insight Partners* • Details: A global private equity and venture capital firm investing in growth-stage technology companies.
• Investment Focus Areas: Software, internet, data, SaaS platforms.
• Notable Investments: Twitter, Shopify, DocuSign.

*3. Spotify* • Details: Leading music streaming service investing strategically in music platforms.
• Investment Focus Areas: Music technology, artist services, streaming platforms.
• Notable Investments: DistroKid, Kosmik, Cast AI, Voicy, Steep..

*4. Silversmith* • Details: Venture capital firm focusing on early and growth-stage technology companies.
• Investment Focus Areas: Enterprise software, consumer technology, SaaS.
• Notable Investments: ActiveCampaign, impact.com, Webflow, Impel..

Where Is DistroKid’s Headquarters?

DistroKid is headquartered in San Francisco, United States, providing access to the city’s tech ecosystem, top engineering talent, and opportunities to collaborate with global music and technology partners.

What’s Next for DistroKid?

DistroKid aims to expand its global footprint, enhance platform features, and attract more independent artists. Leveraging $22.5M in funding and a $1.3B valuation, the company plans to streamline music distribution, improve revenue tracking tools, and provide artists with advanced solutions for audience growth and monetization across streaming platforms worldwide.

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