Groover

Groover

The all-in-one platform for independent artists. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
AUD49—74m (Dealroom.co estimates Feb 2024.)
Company register number 835329699
Paris Île-de-France (HQ), Paris Île-de-France (founding location)

Financials

Estimates*

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Revenues, earnings & profits over time
USD20192020202120222023
Revenues1.2m3.0m7.4m14.5m17.8m
% growth-142 %147 %96 %23 %
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DateInvestorsAmountRound
N/A

N/A

Seed
*

$1.5m

Seed
*

$7.0m

Early VC
*

$8.0m

Series A
Total FundingAUD25.5m

Recent News about Groover

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More about Grooverinfo icon
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Groover.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.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.