DJ-tech firm Native Instruments has raised a €50m (around $58.8m) funding round from private-equity company EMH Partners. The firm says it plans to use the cash to fuel “rapid international growth” as well as developing new digital services for its users.
Native Instruments says it’s also planning a recruitment drive in Berlin, Los Angeles and London, with more details to be announced on its intentions early in 2018.
There have already been signs of ambitious plans: in March, Native Instruments acquired startup MetaPop, which under the leadership of former Beatport boss Matthew Adell had developed technology to license bootleg remixes, with more than 20k of them in its catalogue already.
Adell remains with Native Instruments: in March it said he would be “spearheading new strategies for the brand’s online product portfolio… to help shape the next generation of online services for music creators and performers”. Armed with a €50m war-chest for those plans, 2018 could be a very big year for the company.