Companies · Media & Content

Pandora Media, Inc.

Oakland · Media & Content · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Pandora Media, Inc. — recommendation, valuation, rhythm, risks.
$290.4M
Total raised · real
2
Rounds
1.5×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Jun 09 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Pandora Media, Inc. has raised $290M over 2 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the media sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 9.1 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Media & Content

Pandora Media, Inc. is one of 1052 Media & Content companies tracked from Oakland. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2017-06-09
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries D+ · 2015-10-31 Raised $118M (real) Modeled valuation $1.8B (est)$118M$1.8BSeries D+2015Series D+ · 2017-06-09 Raised $173M (real) Modeled valuation $2.7B (est)$173M$2.7BSeries D+2017+$173MCumulative $290M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series D+$117.9M · 2015
Series D+ extension$172.5M · 2017

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.

Modeled valuation trajectory
$2.7B
Base estimate est.
$879.8M
Conservative case
$5.9B
Upside case
$1.4B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the media sector profile. Directional, not a quoted figure.

Series D+ · modeled $1.8B · 2015-10-312015Series D+ · modeled $2.7B · 2017-06-092017
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
77%
Survival probability
61% low · 85% high
1.16×/yr
Annual markup
1.30×/yr upside case
6.0 yr
Elapsed time used
9.1 yr actual, capped for stale marks
media
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$180.7M/yr
Capital velocity
10.7 yr
On record since
2015
First round
2
Rounds on file
How it compares to the market

Benchmarked against 1052 companies in Media & Content. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 131× above median
This company$290.4M
Sector median$2.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.6× above median
This company$172.5M
Sector median$107.5M
Modeled value — vs sector median (estimate, all stages) 161× above median
This company$2.7B
Sector median$16.7M

Raised more than 99% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Gramarye Media, Inc. · Series D+ Raised $175.0M · modeled $2.7B (est)Luminary Media, LLC · Series D+ Raised $103.1M · modeled $1.6B (est)Zenimax Media Inc · Series D+ Raised $187.4M · modeled $14.0M (est)Pandora Media, Inc. (this company) Raised $290.4M · modeled $2.7B (est)Pandora Media, Inc.
CompanyStageRaised · realValue · estvs peer med.
Gramarye Media, Inc.Series D+$175.0M$2.7B1.27×
Pandora Media, Inc. this companySeries D+$290.4M$2.7B1.25×
Luminary Media, LLCSeries D+$103.1M$1.6B0.75×
Zenimax Media IncSeries D+$187.4M$14.0M0.01×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series D+$117.9M2015-10-31$982.8M$1.8B85%
Series D+$172.5M2017-06-09$1.4B$2.7B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series D+$117.9M2015-10-31
    • First recorded raise — entered as Series D+.
    • 79 investors on this round.
  2. Series D+$172.5M2017-06-09
    • Raised again after 19 mo — slower than the ~12 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 1 investor on this round.
Intelligence
2019 ~Q1
Modeled next raise · ~19mo cadence
$252.3M
Modeled next size est.range $172.5M$403.7M
1.5×
Last step-up
$180.7M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Elizabeth A. Nelson4 other2015-10
Brian McAndrews3 other2015-10
James M.P. Feuille1 other2015-10
Tim Westergren1 other2017-06
Chris A. Phillips2015-10
John A. Trimble2015-10
Mickie A. Rosen2015-10
Mike A. Herring2015-10
Naveen Chopra2017-06
Peter Chernin2015-10
Peter M.P. Gotcher2015-10
Roger Faxon2015-10
Sara A. Clemens2015-10
Simon A. Fleming-Wood2015-10
Steve A. Bene2015-10
Steve Bene2017-06
Tim A. Westergren2015-10
Timothy Leiweke2017-06
Timothy M.P. Leiweke2015-10
Registry & provenance

Pandora Media, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1230276
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Lawyers Entertainment Consortium, LPMedia & ContentSeries D+$300.0M$2.2Bsame sector · same stage
A24 Films LLCMedia & ContentSeries D+$225.0M$2.7Bsame sector · same stage
Deepgram, Inc.Media & ContentSeries D+$215.1M$993.6Msame sector · same stage
Veeam Software Holding Inc.Media & ContentSeries D+$407.3M$79.2Msame sector · same stage
Gramarye Media, Inc.Media & ContentSeries D+$175.0M$2.7Bsame sector · same stage
Firebird Music Holdings, LLCMedia & ContentSeries D+$169.5M$2.2Bsame sector · same stage
Northside Entertainment Holdings, LLCMedia & ContentSeries D+$515.9M$761.3Msame sector · same stage
Pocket Outdoor Media, Inc.Media & ContentSeries D+$162.8M$2.1Bsame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Particle Media Inc.Media & ContentSeries D+$1.5B85%
Snaps Media Inc.Media & ContentSeries A$81.7M85%
TOR Media, Inc.Media & ContentSeed$17.0M85%
Glass-Media, Inc.Media & ContentPre-Seed$20.0M85%
Circle Media Labs Inc.Media & ContentSeries B$224.5M85%
Vertigo Media, Inc.Media & ContentSeries A$190.6M84%
Dorsey Media, LLCMedia & ContentPre-Seed$1.5M84%
Meta Media Tech, Inc.Media & ContentSeed$6.6M84%
Frequently asked
How much funding has Pandora Media, Inc. raised?
Pandora Media, Inc. has raised approximately $290.4M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Pandora Media, Inc.'s estimated valuation?
Provath's modeled valuation for Pandora Media, Inc. is approximately $2.7B (modeled range $879.8M–$5.9B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Pandora Media, Inc. at?
Pandora Media, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Jun 09.
What does Pandora Media, Inc. do and where is it based?
Pandora Media, Inc. operates in the Media & Content sector, based in Oakland.
Explore related

See where Pandora Media, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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