OMusic Funding, Investors & Competitors

OMusic has raised $128M across 2 funding rounds, most recently a $8M Series A in March 2016.

Last OMusic funding round

$8M

Series A · Mar 2016

Cumulative funding OMusic raised

$128M

across 2 funding rounds

Key investors in OMusic

  • Tengxun Touzi
  • Baofeng

OMusic Overview

About OMusic

OMusic is a Shanghai-based online music platform offering streaming, downloads, and karaoke services with a library of 20 million tracks from Chinese and international artists. Integrated with QQ Music ecosystem, it provides lossless audio, live concert streaming, and user-generated content tools serving 100 million monthly active users.


Founded

2012

HQ

ChinaBeijing

Website

omusic.cc

Status

Privately held

Customer focus

B2C

Revenue model

Subscription

OMusic Funding History

OMusic has raised a total of $128M across 2 funding rounds.

OMusic's first fundraising round was a $120M Series A in April 2014. The most recent completed round was a $8M Series A in March 2016.

OMusic funding rounds

OMusic funding rounds
DateStageInvestorsRaised
Mar 2016Series ABaofeng$8M
Apr 2014Series ATengxun Touzi (lead)$120M

Who has invested in OMusic?

2 investors have backed OMusic across its funding rounds, including Tengxun Touzi and Baofeng.

Lead investors include Tengxun Touzi.


OMusic Investors

Investors in OMusic by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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OMusic Competitors

OMusic 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 OMusic
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

OMusic Public Comps

OMusic 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 OMusic

When was OMusic founded?OMusic was founded in 2012.
Where is OMusic headquartered?OMusic is headquartered in Beijing, China.
Is OMusic publicly listed?No, OMusic is a private, VC-backed company.
How much funding has OMusic raised?OMusic has raised $128M across 2 funding rounds.
What was OMusic's last funding round?OMusic's last funding round was a $8M Series A in March 2016.
Who are OMusic's investors?OMusic's investors include Tengxun Touzi and Baofeng.
Which companies are comparable to OMusic?Companies comparable to OMusic include Kakao Entertainment, Create Music Group, Epidemic Sound, Saregama India, SoundCloud and Spotify.

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