# Spotify

**Source:** https://www.startuphub.ai/startups/spotify
**Profile type:** Startup

> A global audio streaming and media services provider.

## About

Spotify is a Swedish audio streaming and media services provider founded in 2006. It offers digital music, podcast, and audiobook streaming, giving users access to millions of songs and other audio content from creators all over the world. Spotify operates on a freemium model, offering basic features for free with advertisements, and advanced features through a subscription-based premium service. The company has expanded its offerings to include video podcasts, AI-powered features like AI DJ and AI-generated playlists, and even physical bookstores. Spotify is also involved in concert ticket booking and providing context about songs.

## Key facts

- **Slug:** spotify
- **Website:** https://www.spotify.com/
- **Location:** Stockholm, Sweden
- **Founded:** 2006-04-23 00:00:00
- **Employees:** 18703
- **Operating status:** Active
- **Total funding:** $2.0B
- **Sectors / tags:** Music Tech, Audio Streaming, Podcasting, Media Services, Consumer App, Creator Economy
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/spotify/
  - Twitter: https://twitter.com/Spotify
  - Facebook: https://www.facebook.com/Spotify

## Frequently asked

### What does Spotify do?

Spotify is a Swedish audio streaming and media services provider founded in 2006. It offers digital music, podcast, and audiobook streaming, giving users access to millions of songs and other audio content from creators all over the world. Spotify operates on a freemium model, offering basic features for free with advertisements, and advanced features through a subscription-based premium service. The company has expanded its offerings to include video podcasts, AI-powered features like AI DJ and…

### What is Spotify's revenue?

StartupHub estimates Spotify's annual revenue at $877.2M (range $307.0M to $1.4B, 27% confidence), based on comparable companies in the sector.

### What is Spotify's valuation?

StartupHub estimates Spotify's effective valuation at $4.2B (range $2.9B to $5.4B, 26% confidence), based on comparable companies in the sector.

### How much funding has Spotify raised?

Spotify has raised a total of $2.0B in funding. The most recent round on record is Debt Financing.

### Where is Spotify headquartered?

Spotify is headquartered in Stockholm, Sweden.

### When was Spotify founded?

Spotify was founded in 2006.

### What industry does Spotify operate in?

Spotify operates in Music Tech, Audio Streaming, Podcasting, Media Services, Consumer App, Creator Economy.

### How many employees does Spotify have?

Spotify has approximately 18703 people on record.

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