LBO France et al. back Deezer

The round of funding sees LBO France investing alongside Saudi conglomerate Kingdom Holding Company, Saudi record label Rotana, US-based investment company Access Industries and French telecoms giant Orange.

Deezer also signed a long-term agreement with Rotana to exclusively distribute its music and video catalogue on Rotana's platform in the Middle East and North Africa regions.

Previous funding
Idinvest, CM-CIC Capital Privé, Dotcorp Asset Management and France-based telecoms corporate Orange backed Deezer with a €15m investment in 2007, structured in two rounds.

In 2009, Access Industries led a €70m series-C round of funding and Idinvest provided a further €100m in the series-D later in the year.

Access returned in 2016 alongside Orange to provide a €110m series-E funding round.

Company
Established in 2007 and based in Paris, Deezer is a music and audio streaming service available in 180 countries around the world, with a music library of 53 million tracks. It offers subscribers with access to streamed music from a catalogue of various tracks, entertainment talk shows and podcasts.

People
Kingdom Holding Company – Alwaleed bin Talal bin Abdulaziz Al Saud (president); Talal Ibrahim Al Maiman (CEO).
Rotana – Alwaleed bin Talal bin Abdulaziz Al Saud (president); Sa and lem Al Hindi (CEO).
Deezer – Guillaume d'Hauteville (president).

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• Topics
• Expansion
• France
• Consumer
• France
• LBO France