Groover
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 1.2m | 3.0m | 7.4m | 14.5m | 17.8m |
% growth | - | 142 % | 147 % | 96 % | 23 % |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | N/A | Seed | |
* | $1.5m | Seed | |
* | $7.0m | Early VC | |
* | $8.0m | Series A | |
Total Funding | €15.0m |
Recent News about Groover
EditGroover.co is a platform designed to connect emerging artists with media, radios, and labels, ensuring their music is heard and receives feedback. The company operates in the music promotion market, serving independent musicians and music influencers. Groover's business model revolves around a virtual currency called 'Grooviz.' Artists spend Grooviz to send their music to influencers, who are then paid in Grooviz for providing feedback. This creates a mutually beneficial ecosystem where artists gain exposure and influencers are compensated for their time. The platform guarantees that every song submitted will be listened to and reviewed, providing a unique value proposition in the crowded music promotion space. Groover makes money by taking a portion of the Grooviz spent by artists. The platform has already facilitated the broadcasting of numerous songs on various radio stations, showcasing its effectiveness.
Keywords: music promotion, emerging artists, media connections, feedback guarantee, Grooviz currency, influencer compensation, radio broadcasting, music discovery, artist exposure, music industry.