Fund investing in consumer tech companies at all stages.
In the nine months Apple Music has been available, the service has picked up 11 million subscribers. Spotify has added 10 million paid subscribers in the same time..
What a difference a year makes! At the end of May 2014, we reached 10 million paying subscribers and 40 million active users. Today, we have reached more than 20 million subscribers and more than 75 million active users. 10 million subscribers in our first five and a half years – and another 10 million subscribers in just a single year! That’s an average of one new subscriber every three seconds over the last year...
Spotify saw a 53% increase in ad revenue year-over-year in Q1 2015, according to internal data at the streaming platform..
Total monthly active users 50 million.