Rdio provides an unlimited, on-demand social music service that lets users build and share online music collections from a catalogue of over 8 million songs. The company offers a Web-only tier for $4.99 per month and a premium version with mobile access for $9.99 per month. Rdio has secured licensing agreements with major labels — EMI, Sony Music Entertainment, Universal Music Group and Warner Music Group — as well as agreements with thousands of indie labels. The service emphasizes social discovery and sharing features as part of its core product. Management says it will use new capital to expand to new platforms and regions during the year. Additional funds will also go toward hiring, ramping up marketing efforts and product development.

Total raised

$18M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2011