2015’s biggest investments: Shazam £21m

Latest investment takes mobile music app Shazam to £1m valuation

Company: Shazam
Description: Mobile music app
Founders: Rich Riley
Based in: London
Raised: £21m ($30m)
Investors: DN Capital, Kleiner Perkins Caufield & Byers

They said:

Shazam CEO Rich Riley: “We’re excited to continue to focus on user growth and engagement, building on our strength in music and innovating to increase the universe of what is Shazamable in order to realise the enormous potential of Shazam.”

Nenad Marovac, DN Capital managing partner: “I am really happy to see the company get to where it is today. It has been a long and arduous road where in the beginning our technology was way ahead of the market. Now with smart phones consumers can experience the true magic of Shazam.”

Read more about the deal here.

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