Deezer Raises $130 Million In Fourth Round Of Funding

Posted Oct 7, 2012

Deezer is a France-based music streaming startup company that has raised $130 million in their fourth round of funding.  Access Industries (the parent company of Warner Music Group) and Idinvest put the $130 million into the company.  Idinvest is a previous investor in the company.  Around $32.6 million of that funding will be used to buy out the previous shares.  Orange used to own around 11% of the company and considered acquiring them at one point.  Deezer is doing well in France, but they are now looking to expand internationally.  Many of Deezer’s subscribers are coming from bundles with mobile plans. [TechCrunch]