Snocap logo — Pioneering the future of digital music rights management and...

Snocap

Pioneering the future of digital music rights management and artist empowerment.

Founded 2002 Series C Total: $27.40M Music

General Information

Company Name Snocap
Founded Year 2002
Industries Music
Funding Stage Series C
Social

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About Snocap

Snocap was a pioneering digital rights and content management startup founded in 2002 by Shawn Fanning, Jordan Mendelson, and Silicon Valley investor Ron Conway, following the shutdown of Napster. The company's initial focus was on developing technology for content owners, particularly artists and labels, to register their content and set business rules for its web availability. Snocap secured deals with major labels like Universal Music Group, EMI, Warner Music Group, and SonyBMG Music Entertainment. The ultimate goal was to license this technology to file-sharing services for legal P2P sharing, although the services powered by Snocap never launched. Snocap's collaboration with MySpace in late 2006 and imeem in March 2007 laid the groundwork for music sales and ad revenue sharing initiatives. Imeem eventually acquired Snocap in April 2008, integrating its technology into its ad-supported streaming service. Snocap was funded by investors including Ron Conway, Morgenthaler Ventures, WaldenVC, and Court Square Ventures, raising over $25 million in total.

Business keywords: Digital music, Rights management, Startup, Content management, Artist empowerment, P2P sharing, Digital registry, Music sales, Ad-supported streaming, Technology, File-sharing services, Investment, MySpace partnership, imeem collaboration, Napster team

Funding Rounds & Investors (4)

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Funding Stage Amount Investors Lead Investors Date
Series C $15.00M 3
Morgenthaler Ventures, Walden Venture Capital +1
01 Mar 2006
Series B $11.83M 3
Morgenthaler Ventures, Walden Venture Capital +1
01 Dec 2004
Series A $570.00K 1
Taunton Depot, LLC
09 Jun 2003
Angel Round Undisclosed 1
Ronald Conway
01 Jan 2002

Snocap Alternatives & Competitors

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Parça
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Snocap vs
beatBread
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Snocap vs
SwaLay
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From The Music To The World

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FAQ About Snocap

Pioneering the future of digital music rights management and artist empowerment.
Snocap was founded in 2002.
Snocap operates in Music. Its work centres on Digital music, Rights management, Startup and Content management.
Snocap has completed 4 funding rounds, raising a total of $27.40M. The latest funding stage is Series C.
Top alternatives and competitors to Snocap include Parça, beatBread, SwaLay, SoundCloud, Spotify. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Snocap and Parça are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Snocap, https://bouncewatch.com/company/snocap, updated 27 October 2024. When citing, please name BounceWatch and link this page.

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