“It’s been around for a while and has amazing traction in the US right now. It’s recently transitioned to a multi-product platform and is a candidate for LSE flotation”
Sherry Coutu, angel investor and non-executive director, and author of The Scale-up Report
The pioneering audio technology, launched in 2002 as a text message service, is now one of the most popular apps in the world.
This Hammersmith-based company has revolutionised the way people identify, save, share and buy music. It has identified more than 15 billion songs since it launched its first service.
Today, people use Shazam more than 20 million times a day across the world, for more than just music. It is expanding its reach into radio and TV, into cinema and retail. Image recognition and tracking functions are being integrated. It is optimising its app for the wearable tech age, and has more than 100m monthly active users.
Shazam’s most recent funding round, which closed in January 2015, raised $30m from institutional and high net worth investors for just under three per cent of the equity. That valued the 200-employee company at more than $1bn.
Shazam features in
- Sunday Times Tech Track 2010, 2011, 2012, 2013
- Tech Tour 50
- Future Fifty
- CB Insights/London & Partners top fundraisers
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