Israeli startup Music Messenger raises $30 million

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Israeli startup Music Messenger, which provides an easy way to transfer songs among friends, announced on Monday that it has finished raising a funding round of approximately $30 million. The round was led by Roman Abramovich, who invested $15 million. Other investors included popular musicians and existing investors such as David Guetta, Nicki Minaj, DJ Tiesto, will.i.am and Gee Roberson. The company’s valuation is approximately $100 million.

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Music Messenger, like its name, allows users to create playlists and send them to everyone who is part of their contact list. The app is available to both Android and iOS users and allows you to play any song by any artist or from any album, free of charge. Users enjoy access to millions of songs in a variety of genres, free and without commercials, Sending songs to friends is quite simple and is done in the same, regular way we send texts or WhatsApp messages.

The app doesn’t install the music on servers. Instead, it lets users send songs they’ve downloaded in the past to their smartphone or share music from an existing content library like Yahoo, YouTube or Soundcloud.

The company was founded by Oded Kobo, son of businessman Bebo Kobo, David Strauss, Shai Azran and Uzi Refaeli, in April 2014. The company’s office is located at Kibbutz Glil Yam near Herzliya. This is the second funding round for the company, which finished raising the previous one less then a year ago: In August 2014, it raised about $5 million from 12 investors. In total, the company has raised $35 million. Even though Music Messenger only launched in September 2014, it has become successful quickly and stirred a lot of interest from investors.

Unsurprisingly, most of this round’s investors are mentioned in the product video:

Rinat Korbet translated the original article.

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