Guvera Funding, Investors & Competitors

Guvera has raised $100M across 2 funding rounds, most recently a $100M undisclosed-stage round in November 2015.

Last Guvera funding round

$100M

Undisclosed stage · Nov 2015

Cumulative funding Guvera raised

$100M

across 2 funding rounds

Key investors in Guvera

  • AMMA Private Investment

Guvera Overview

About Guvera

Guvera was a Sydney-based ad-supported music streaming service founded in 2011 that offered free downloads funded by brand channels. Available in Australia, Brazil, Turkey, and Southeast Asia, it secured licenses from Universal, Sony, and Warner before ceasing operations in 2018. Guvera pioneered engagement advertising replacing traditional banners.


Founded

2008

HQ

AustraliaGold Coast

Website

guvera.com

Status

Privately held

Customer focus

B2C

Revenue model

Advertising

Guvera Funding History

Guvera has raised a total of $100M across 2 funding rounds.

Guvera's first fundraising round was a $400K pre-seed round in July 2015. The most recent completed round was a $100M undisclosed-stage round in November 2015.

Guvera funding rounds

Guvera funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2015Undisclosed stageAMMA Private Investment (lead)$100MGuvera, an Australian music streaming startup positioned as a Spotify rival, received a $40.8 million AUD (about $30 million USD) investment from existing investor AMMA Private Investment following a failed attempt to raise $100 million AUD ($78 million USD) from a US bank in April 2015. This infusion was critical to prevent collapse, as the company faced severe cash shortages by late 2015. AMMA, led by executive chairman Darren Herft who also served as Guvera's CEO, raised funds from thousands of retail investors, contributing to a total of over $180 million AUD ($131 million USD) across multiple rounds over seven years. The company struggled financially, reporting an AU$81.1 million ($61.2 million USD) net loss for its fiscal year ending July 2015 and AU$29.4 million ($22.4 million USD) for FY2014. In early 2016, it attempted a $58 million USD IPO on the Australian Securities Exchange but owed major record labels millions and accumulated debts, including $13 million to staff and creditors. Despite ambitions to dominate music streaming, Guvera collapsed in 2017 after the IPO was blocked, with the $180 million largely vanishing. AMMA's fundraising practices drew legal scrutiny; for instance, a court ruled its actions 'exploitative' in a case involving an investor with Alzheimer's who poured $8.5 million into Guvera. The intertwined leadership between AMMA and Guvera raised red flags among journalists, though legally permissible.
Jul 2015Pre-seed-$400K-

Who has invested in Guvera?

1 investor has backed Guvera across its funding rounds, including AMMA Private Investment.

Lead investors include AMMA Private Investment.


Guvera Investors

Investors in Guvera by funding rounds participated
InvestorHQRoundsRoleFirst check

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Guvera Competitors

Guvera competitors include listed companies like Saregama India and Spotify, and private ones like Kakao Entertainment, Create Music Group, Epidemic Sound and SoundCloud.

Public and private companies comparable to Guvera
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Kakao EntertainmentSouth KoreaSeongnamPrivate$1.2B-$7B5.8x
Create Music GroupUnited StatesLos Angeles, CAPrivate--$2.2B-
Epidemic SoundSwedenStockholmPrivate$85M-$1.4B16.5x
Saregama IndiaIndiaIndiaPublicly listed$100M$36M$979M8.6x
SoundCloudGermanyBerlinPrivate--$700M-
SpotifySwedenSwedenPublicly listed$20B$2.4B$109B4.5x

Guvera Public Comps

Guvera is still privately-owned, but its public comps include Alphabet, Amazon, Netflix, Disney, Spotify, Comcast, NetEase, Warner Bros. Discovery, Live Nation and Universal Music.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Alphabet$403B$176B10.2x8.7x23.3x19.0x
Amazon$717B$161B3.9x3.5x17.5x13.8x
Netflix$45B$30B7.1x6.4x10.6x19.8x
Disney$94B$19B2.4x2.3x12.3x10.3x
Spotify$20B$2.4B5.0x4.5x40.5x29.9x
Comcast$124B$46B1.3x1.4x3.5x4.8x
NetEase$17B$5.8B3.1x3.0x8.9x7.7x
Warner Bros. Discovery$37B$21B2.7x2.8x4.8x12.0x

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Common questions about Guvera

When was Guvera founded?Guvera was founded in 2008.
Where is Guvera headquartered?Guvera is headquartered in Gold Coast, Australia.
Is Guvera publicly listed?No, Guvera is a private, VC-backed company.
How much funding has Guvera raised?Guvera has raised $100M across 2 funding rounds.
What was Guvera's last funding round?Guvera's last funding round was a $100M undisclosed-stage round in November 2015, led by AMMA Private Investment.
Who are Guvera's investors?Guvera's investors include AMMA Private Investment.
Which companies are comparable to Guvera?Companies comparable to Guvera include Kakao Entertainment, Create Music Group, Epidemic Sound, Saregama India, SoundCloud and Spotify.

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