musiXmatch hits 10M users, adding 1M new users per month, raises another 3,7 mln$ funding

London, 31 Jan 2013 — musiXmatch, the app featuring the world largest lyrics catalog, just hit the milestone of 10M users, all on mobile. musiXmatch, the second most used app on Spotify, also announced another fresh round of investment of 3.7M dollars, raised by current investors Micheli Associati and Paolo Barberis, former Dada’s founder.

“We’ve built the largest and official Lyrics database that, combined with our audio matching technology and synchronized lyrics is a unique experience for music fans. Many users say we’ve cracked the karaoke experience as people want to sing and read lyrics while listening to music anytime” said Max Ciociola, CEO & Founder of musiXmatch.” We are now aiming at the second screen & TV experience, and we are going to announce something very cool during the next World Mobile Congress in Barcelona”

Lyrics are one of the most important pieces of content in the music space. Whenever people search for an artist on Google, they primarily do that in order to search for lyrics (Google Trend http://bit.ly/SZlSXf ) and the keyword ‘lyrics’ is among the most popular searched terms (source Google http://bit.ly/Suk8GY )

Other facts about musiXmatch:

• The majority of users come from Android handsets, although iPhone numbers are growing exponentially
• The company has been recently featured by Apple as App of the Week in Europe and Best Music App in Best of 2012 in different Countries.
• More than 40mln sessions per month which led to record in last December with almost 400 million screen views, exclusively mobile.
• More than 60 million impressions in December were generated through Facebook.
• Adding 1 million new users per month since from December
• The majority of musiXmatch users come from the U.S. (about 40%)
• UK and Germany are the two most important countries in Europe
• Asia, South Korea and Japan represent 30% of musixmatch’s traffic
• Currently #2nd most used app on Spotify with more than 1,5 mln hours streamed on December.
• musiXmatch is currently in Top 30 in Music & Audio categories on Google Play in several countries
• The company has closed deals 2 years ago with all the major music publishers and hosts a lyrics database available in more than 32 languages.
• musixmatch is currently based between Italy and UK will use this funding for opening an office in NY and Asia
• Stay tuned. Lots of things we’re cooking for you guys.
• Best,
• Max.