More than 150m people have used Shazam’s mobile-phone app, which identifies a piece of music through a handset. Chief executive Andrew Fisher is now turning his attention to television: Shazam logos appear in ads and shows, and users can point their phone at them to receive rewards such as vouchers and additional footage. The company’s sales grew 64% a year from £2.4m in 2007 to £10.6m in 2010. In June, Shazam raised $32m (£20m) in venture capital from investors including Kleiner Perkins Caufield & Byers, which also backs Google, Facebook and Twitter.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.