
Chordify
Turns music into chords.
Date | Investors | Amount | Round |
---|---|---|---|
€180k | Seed | ||
Total Funding | 000k |
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | 40 % | 11 % | 26 % | 51 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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In 2013, a group of passionate musicians and tech enthusiasts, including Bas de Haas, Sjoerd Tieleman, and Gijs Bekenkamp, founded Chordify in Groningen, Netherlands. The idea was born from a university project, aiming to fill a gap in the market for accurate chord transcriptions. They developed a platform that uses AI to transform music from YouTube, Deezer, and SoundCloud into playable chords, making it accessible for musicians of all skill levels.
Chordify quickly gained traction, becoming a global music education platform with millions of users. The company's growth was fueled by its innovative use of AI technology, which allowed it to provide accurate chord recognition and an interactive music player. This technology enabled users to play along with their favorite songs on guitar, ukulele, or piano.
Over the years, Chordify has celebrated significant milestones, including its 10th anniversary in 2023. The company has not only expanded its user base but also its technological capabilities, continuously improving its platform to better serve the music community. Despite facing competition from other music education services, Chordify has maintained its position by focusing on user experience and technological innovation.
Today, Chordify stands as a testament to the power of combining music and technology, providing a valuable tool for musicians worldwide. Its journey from a simple university project to a leading music education platform highlights the impact of innovation and dedication in transforming an industry.