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X5 Music Group is a music company based in Stockholm, Sweden and in New York, USA, specialized in the digital music download market. X5 Music license music rights from select recording owners for sales and marketing of music products, customized by the X5 team for the digital marketplace. The X5 product portfolio currently contains 400 000 recordings, and over 11 000 digital albums in a wide range of genres. The products are marketed and sold via online music stores such as iTunes, Amazon, Google and Spotify on a global market.
X5 Music Group is a music company based in Stockholm, Sweden and in New York, USA, specialized in the digital music download market. X5 Music license music rights from select recording owners for sales and marketing of music products, customized by the X5 team for the digital marketplace. The X5 product portfolio currently contains 400 000 recordings, and over 11 000 digital albums in a wide range of genres. The products are marketed and sold via online music stores such as iTunes, Amazon, Google and Spotify on a global market.
Overview
Location
Sweden, Stockholms kommun
Employees
11-50
Total raised
$9.22M
Founded date
2003
Funding Rounds 1
| Date | Series | Amount | Investors |
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Mentions in press and media 8
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| Jun 4, 2016 | M&A roundup - week ending 6/4/16 | Salesforce bought Demandware for $2.8B; Vista acquired Marketo for $1.8B; Snapchat purchased Seene Salesforce acquired Demandware, a provider of enterprise cloud commerce solutions. The deal is worth approximately $2.8 billion, valuing Dema... |
| May 6, 2012 | Spotify Plays Can Increase iTunes Sales. Here’s Proof! | Despite fears that streaming access cannibalizes sales, classical music record label X5 tells me when it launched an app within Spotify and saw streams of one album increase 412% in a month, that album’s iTunes sales shot up 50%. The Swedis... |
| Jul 13, 2011 | Scratch Music Group raises $3.3M | The company gets support from Contour Venture Partners to not ruin your wedding with a bad DJ Nothing ruins a wedding like a loud, obnoxious, wish-I-was-a-radio-talk-show-host-but-didn’t-make-the-cut DJ. Maybe food poisoning. But a bad DJ i... |
| Jan 6, 2011 | X5 Music Receives €7M Investment from Northzone Ventures | X5 Music Group, a Stockholm, Sweden-based digital record label, has received a €7m investment from Northzone Ventures. The company will use the new funding to facilitate signing of American artists and to increase the company’s catalogue, w... |
| Jan 5, 2011 | X5 Music Secures $9 million from Northzone To Hit The U.S. | Swedish music company X5 Music has secured a 7 million Euro ($9m) investment from Northzone Ventures, which also happens to the be the lead investor in that other Scandinavian music startup you’ve probably heard of, Spotify. X5 Music is a d... |
| Jan 5, 2011 | X5 Music secures EUR 7m investment from Northzone to hit the States | Swedish music company X5 Music has secured a 7 million Euro investment from Northzone Ventures, which also happens to the be the lead investor in that other Scandinavian music startup you’ve probably heard of, Spotify. X5 Music is a digital... |
| Jan 28, 2008 | Three 'big four' record labels sign with Sony Ericsson | Yesterday, Swedish mobile phone company Sony Ericsson announced deals had been inked with 10 major record labels, adding over 5 million tracks to the company's forthcoming over-the-air download music store. The new partner labels include: S... |
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FAQ about X5 Music Group
When was X5 Music Group founded?
X5 Music Group was founded in 2003.
How much funding has X5 Music Group raised?
X5 Music Group has raised $9.22M in total across 1 funding round.
What has the press written about X5 Music Group?
Parsers VC has collected 8 articles mentioning X5 Music Group, among them “M&A roundup - week ending 6/4/16” (Jun 4, 2016) and “Spotify Plays Can Increase iTunes Sales. Here’s Proof!” (May 6, 2012).
Is X5 Music Group still active?
Yes, X5 Music Group is active; its latest activity on Parsers VC dates from Aug 18, 2022.