Companies · Other Technology

Spotify Technology S.A.

LUXEMBOURG · Other Technology

Diligence memoA one-page analyst read on Spotify Technology S.A. — recommendation, valuation, rhythm, risks.
$1.5B
Total raised · real
2
Rounds
1.9×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Thu Mar 24 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Spotify Technology S.A. looks over-valued against its niche peers and is dormant on financing cadence.

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

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

Over-valued
  • Modeled value is 2.00× the median modeled value of Growth/Late Other Technology companies in 2016–2018 (13 peers) — value vs value, same stage and era.
Dormant
  • Last raise 10.3 yr ago; this sector typically re-raises about every 13 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 Other Technology

Spotify Technology S.A. is one of 21292 Other Technology companies tracked from LUXEMBOURG. By capital raised it ranks among the largest (ahead of 100% 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
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$12.5B$25.0B$37.5B$50.0BGrowth/Late · 2015-04-17 Raised $526M (real) Modeled valuation $17.1B (est)$526M$17.1BGrowth/Late2015Growth/Late · 2016-03-24 Raised $1.0B (real) Modeled valuation $32.6B (est)$1.0B$32.6BGrowth/Late2016+$1.0BCumulative $1.5B

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
Growth/Late$526.0M · 2015
Growth/Late extension$1.0B · 2016

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 14%.

Modeled valuation trajectory
$32.6B
Base estimate est.
$7.6B
Conservative case
$58.6B
Upside case
$10.0B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Growth/Late · modeled $17.1B · 2015-04-172015Growth/Late · modeled $32.6B · 2016-03-242016
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
88%
Survival probability
76% low · 95% high
1.24×/yr
Annual markup
1.35×/yr upside case
6.0 yr
Elapsed time used
10.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$1.6B/yr
Capital velocity
11.2 yr
On record since
2015
First round
2
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. 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) 481× above median
This company$1.5B
Sector median$3.2M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 2.0× above median
This company$1.0B
Sector median$500.0M
Modeled value — vs sector median (estimate, all stages) 873× above median
This company$32.6B
Sector median$37.3M

Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) 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 company ranks #4 of 13.

This companyCohort peer
$10.0B$100.0B$100.0M$1.0B$10.0BCapital raised (log)Severin Topco, LLC · Growth/Late Raised $1.7B · modeled $56.5B (est)Decade Holding Company, Inc. · Growth/Late Raised $1.1B · modeled $35.1B (est)IRI Parent, L.P. · Growth/Late Raised $1.0B · modeled $33.2B (est)TON Issuer Inc · Growth/Late Raised $1.7B · modeled $27.7B (est)View, Inc · Growth/Late Raised $1.4B · modeled $26.0B (est)Social Good Foundation Inc. · Growth/Late Raised $500.0M · modeled $16.3B (est)Omatcca Llc · Growth/Late Raised $500.0M · modeled $16.3B (est)Foodaddle Inc · Growth/Late Raised $500.0M · modeled $16.3B (est)CINX Ventures, Inc. · Growth/Late Raised $500.5M · modeled $16.3B (est)MAS Group Holdings, LLC · Growth/Late Raised $480.8M · modeled $15.7B (est)Zymergen Inc. · Growth/Late Raised $580.2M · modeled $13.2B (est)Spotify Technology S.A. (this company) Raised $1.5B · modeled $32.6B (est)Spotify Technology S.A.
CompanyStageRaised · realValue · estvs peer med.
Severin Topco, LLCGrowth/Late$1.7B$56.5B3.47×
Decade Holding Company, Inc.Growth/Late$1.1B$35.1B2.15×
IRI Parent, L.P.Growth/Late$1.0B$33.2B2.04×
Spotify Technology S.A. this companyGrowth/Late$1.5B$32.6B2.00×
TON Issuer IncGrowth/Late$1.7B$27.7B1.70×
View, IncGrowth/Late$1.4B$26.0B1.60×
Social Good Foundation Inc.Growth/Late$500.0M$16.3B1.00×
Omatcca LlcGrowth/Late$500.0M$16.3B1.00×
Foodaddle IncGrowth/Late$500.0M$16.3B1.00×
CINX Ventures, Inc.Growth/Late$500.5M$16.3B1.00×
MAS Group Holdings, LLCGrowth/Late$480.8M$15.7B0.96×
Zymergen Inc.Growth/Late$580.2M$13.2B0.81×
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.
Growth/Late$526.0M2015-04-17$5.3B$17.1B90%
Growth/Late$1.0B2016-03-24$10.0B$32.6B90%
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. Growth/Late$526.0M2015-04-17
    • First recorded raise — entered as Growth/Late.
  2. Growth/Late$1.0B2016-03-24
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
Intelligence
2017 ~Q1
Modeled next raise · ~11mo cadence
$1.9B
Modeled next size est.range $1.2B$3.0B
1.9×
Last step-up
$1.6B/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
Sean Parker9 other2016-03
Christopher Marshall6 other2016-03
Klaus Hommels3 other2016-03
Rene Obermann1 other2016-03
Barry Richard McCarthy2015-04
Daniel Ek2016-03
Daniel Richard Ek2015-04
Klaus Richard Hommels2015-04
Martin Lorentzon2015-04
Par-Jorgen Parsson2016-03
Par-Jorgen Richard Parsson2015-04
Rene Richard Obermann2015-04
Sean Richard Parker2015-04
Registry & provenance

Spotify Technology S.A. 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
1639920
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
Lightspeed POS Inc.Other TechnologyGrowth/Late$1.5B$10.7Bsame sector · same stage
Alfayiz TA, INC.Other TechnologyGrowth/Late$1.5B$42.7Bsame sector · same stage
Velodyne Lidar, Inc.Other TechnologyGrowth/Late$1.5B$47.5Bsame sector · same stage
EssentaTor Inc.Other TechnologyGrowth/Late$1.5B$14.9Bsame sector · same stage
Ensemble Holdings, Inc.Other TechnologyGrowth/Late$1.6B$51.7Bsame sector · same stage
View, IncOther TechnologyGrowth/Late$1.4B$26.0Bsame sector · same stage
Emhotip, Inc.Other TechnologyGrowth/Late$1.4B$40.5Bsame sector · same stage
Cedar I Holding Company, Inc.Other TechnologyGrowth/Late$1.7B$54.4Bsame sector · same stage
Frequently asked
How much funding has Spotify Technology S.A. raised?
Spotify Technology S.A. has raised approximately $1.5B in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Spotify Technology S.A.'s estimated valuation?
Provath's modeled valuation for Spotify Technology S.A. is approximately $32.6B (modeled range $7.6B–$58.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spotify Technology S.A. at?
Spotify Technology S.A.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Thu Mar 24.
What does Spotify Technology S.A. do and where is it based?
Spotify Technology S.A. operates in the Other Technology sector, based in LUXEMBOURG.
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