Rapchat
On a mission to democratize music creation with mobile tools that allow anyone to be a music artist.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
$2.3m | Seed | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 93 % | - |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Rapchat is a mobile application designed for music creators, offering a comprehensive platform to record, share, and monetize their music. Serving a diverse range of clients from aspiring artists to seasoned producers, Rapchat operates in the digital music creation and distribution market. The business model is centered around providing a free-to-use app with optional premium features and services, such as Rapchat Distro, which allows users to distribute their music to major streaming platforms. Revenue is generated through in-app purchases, premium subscriptions, and distribution fees. Rapchat's user base has grown to over 10 million artists and producers, making it a significant player in the mobile music creation space. The platform offers access to 300,000 free instrumentals, making it an attractive option for users looking to create and share music easily.
Keywords: mobile app, music creators, record, share, monetize, beats, distribution, streaming, premium features, in-app purchases, subscriptions.