Founders AND 3

Founders Fund is a San Francisco-based venture capital firm established in 2005, specializing in investments across various stages, from seed to later-stage funding. The firm targets companies that are developing transformative technologies in sectors such as consumer internet, biotechnology, artificial intelligence, aerospace, energy, and health. Founders Fund has a diverse investment portfolio, having backed notable companies like SpaceX, Facebook, and Palantir. The firm employs a founder-friendly investment approach, aiming to support entrepreneurs with minimal interference. With over $2 billion in capital under management, Founders Fund continues to seek innovative solutions to global challenges, making investments typically ranging from $500,000 to $300 million.

Delian Asparouhov

Principal

Jennifer Campbell

Partner

Lauren Gross

Partner and COO

Bridget Harris

Associate

Sean Liu

Partner

Jeffrey Lonsdale

Managing Director, Asia

John Luttig

Partner

Amin Mirzadegan

Partner

Scott Nolan

Partner

Neil Ruthven

CFO

Trae Stephens

Partner

Napoleon Ta

Partner

Matias Van Thienen

Partner

Past deals in Music Streaming

Mixhalo

Series B in 2021
Mixhalo Corp. is a San Francisco-based company that has developed an audio technology platform allowing users to access high-quality sound at live events through their smartphones. Founded in 2016 by musician Mike Einziger and violinist Ann Marie Simpson-Einziger, Mixhalo offers a solution that delivers real-time audio directly to attendees' phones and headphones. This platform enhances the experience at various events, including concerts, sporting events, conferences, and political speeches, ensuring that audiences receive the audio quality they expect. By leveraging this technology, live event organizers can create immersive experiences for attendees, making it easier for them to connect with the content being presented.

Royal

Series A in 2021
Royal is a platform where you can buy ownership in songs directly from your favorite artists and earn royalties with them.

Aimi

Series B in 2021
AiMi is a revolutionary breakthrough in generative music that will fundamentally change the way the artform is created, consumed and ultimately monetized. The platform delivers endless, immersive compositions that are crafted by artists, powered by artificial intelligence and molded by the mood of each individual user. For fans of electronic music, AiMi offers a new form of listening - one that is adaptable and ever-evolving. AiMi is free to use and free of ads. Six unique experiences are currently included with the app, ranging from meditation to high energy music and a broad spectrum of sounds, styles and genres in between.

Wave

Series A in 2021
Wave Mobile Money is a financial technology company focused on providing app-based solutions for saving, transferring, and borrowing money in Africa. With a mission to create the first cashless continent, Wave aims to address the challenge of limited access to banking services, as less than 10% of the African population has a bank account. The company is developing an inclusive financial network that offers no account fees and allows for instant transactions, making it accessible to a broader audience. By leveraging technology, Wave is creating affordable financial services that enable individuals to manage their money effectively, thereby fostering economic empowerment and contributing to poverty alleviation. Its platform supports various services, including deposits, withdrawals, bill payments, and money transfers, facilitating cashless transactions for users and businesses alike.

Royal

Seed Round in 2021
Royal is a platform where you can buy ownership in songs directly from your favorite artists and earn royalties with them.

Workstream

Series B in 2021
Workstream Technologies, Inc. operates an automated online hiring platform designed specifically for companies that employ hourly workers. The platform allows employers to post job openings, track applicants, schedule interviews, and manage the onboarding process for new hires. Workstream serves a variety of industries, including healthcare, hospitality, retail, and transportation, facilitating the hiring process for businesses in sectors that require efficient workforce management. Founded in 2016, the company is headquartered in Palo Alto, California, and aims to streamline the recruitment process for both job seekers and employers.

Mountaintop Studios

Series A in 2021
Mountaintop Studios is a game studio creating multiplayer games for players who crave a challenge.

River Search

Seed Round in 2020
River is a content discovery platform that pulls stories and content from across the entire internet. The company was founded in 2018 and it is based in New York.

River Search

Series A in 2020
River is a content discovery platform that pulls stories and content from across the entire internet. The company was founded in 2018 and it is based in New York.

Workstream

Series A in 2020
Workstream Technologies, Inc. operates an automated online hiring platform designed specifically for companies that employ hourly workers. The platform allows employers to post job openings, track applicants, schedule interviews, and manage the onboarding process for new hires. Workstream serves a variety of industries, including healthcare, hospitality, retail, and transportation, facilitating the hiring process for businesses in sectors that require efficient workforce management. Founded in 2016, the company is headquartered in Palo Alto, California, and aims to streamline the recruitment process for both job seekers and employers.

HotMic

Seed Round in 2020
Hot Mic Inc. operates a social application designed for live television, allowing users to engage with their favorite media personalities in real-time. Founded in 2019, the platform enables fans to connect with commentators while syncing their commentary to live TV broadcasts. Users can participate in discussions through built-in chat features, enhancing their viewing experience by choosing from various perspectives. Headquartered in San Francisco, California, Hot Mic also has a location in Lake Bluff, Illinois, and focuses on creating an interactive environment for fans to engage with media content more personally.

Mixhalo

Series A in 2019
Mixhalo Corp. is a San Francisco-based company that has developed an audio technology platform allowing users to access high-quality sound at live events through their smartphones. Founded in 2016 by musician Mike Einziger and violinist Ann Marie Simpson-Einziger, Mixhalo offers a solution that delivers real-time audio directly to attendees' phones and headphones. This platform enhances the experience at various events, including concerts, sporting events, conferences, and political speeches, ensuring that audiences receive the audio quality they expect. By leveraging this technology, live event organizers can create immersive experiences for attendees, making it easier for them to connect with the content being presented.

Artie

Pre Seed Round in 2019
Artie Inc. operates a mobile gaming platform that allows users to share and play games instantly within popular social applications such as Instagram, TikTok, Facebook, Snapchat, YouTube, and Twitter, without requiring additional app downloads or integration. Founded in 2018 and based in Los Angeles, Artie's technology enables high-quality, Unity-made games to be streamed from the cloud, bypassing traditional app stores and their associated fees. The platform enhances user engagement with next-gen features such as voice, texting, and camera input, fostering deeper interaction between players and games. Artie's team comprises professionals from notable companies like Activision/Blizzard, Disney, and Facebook, contributing expertise in AI, engineering, and interactive storytelling. The company has attracted investment from prominent figures and firms, including Scooter Braun and Warner Music Group, highlighting its innovative approach to mobile gaming and distribution.

Oyster

Series A in 2014
Oyster is a subscription service for ebooks and ebook retailer. Oyster also publishes the Oyster Review, an editorial magazine. Oyster was founded by Eric Stromberg, Andrew Brown, and Willem Van Lancker in 2012 and is based in New York, the United States.

Oyster

Seed Round in 2012
Oyster is a subscription service for ebooks and ebook retailer. Oyster also publishes the Oyster Review, an editorial magazine. Oyster was founded by Eric Stromberg, Andrew Brown, and Willem Van Lancker in 2012 and is based in New York, the United States.

Spotify

Series C in 2010
Spotify is a leading music streaming service headquartered in Stockholm, Sweden, and operates on a global scale with 602 million monthly active users as of 2023. Founded in 2006, Spotify offers an extensive catalog of music and podcasts, allowing users to access content on various devices, including computers, mobile phones, and tablets. The platform features both a premium subscription model, which provides ad-free streaming, and an ad-supported service, generating revenue from ads. In 2023, 86% of Spotify's revenue came from premium subscriptions, while 14% was derived from advertising. Users can discover music collections, create and share playlists, and receive personalized recommendations. Spotify's infrastructure supports integration with social media platforms, enabling artists to promote their music and engage with fans effectively. The company operates various subsidiaries, including Spotify India Private Limited, enhancing its presence in international markets.
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