Tag: investment

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“Did Daniel Ek just say that Spotify is buying SoundCloud?” No.

The dopamine hit from clickbait headlines will do for us all at some point. Nordic Business Insider has picked up on an interview with Spotify co-founder Daniel Ek on TV4 in his homeland of Sweden and suggested that, “reading...
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Blockchain investment in H1 tops $290m

You cannot move these days for music conferences about the blockchain. But it appears it is way, way more than a few evangelists seeing this as the solution to all the digital accounting, metadata and transparency issues...
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Anatomy of a catastrophe: the fall of Crowdmix

A plastic cow sits on a desk in an Old Street office. “I press this,” said the co-founder of the biggest UK music/tech disaster in living memory, hitting the synthetic bovine’s head so it emitted a loud...
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VC investment grew last quarter – but from ’mega deals’

A new report from CB Insights and KPMG claims that the amount of global venture-capital investment in the second quarter of 2016 was up 3% year-on-year to $27.4bn.
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BandLab buys Composr and hires veteran Fred McIntyre

Cloud-based music creation startup BandLab is on the acquisition trail. It has acquired European rival Composr, which has its own platform for music composition on iOS and web.
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Live-VR firm NextVR raises $20m as part of larger round

Funding may be reportedly hard to come by for some music startups in 2016, but in the brave (nearly) new world of virtual reality, investors are diving in with their wallets.
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EthiumLive set to help fans invest in concerts

The next music-focused crowdfunding service may be Australian startup EthiumLive, which is planning to launch at the Web Summit conference this November.
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Festival-ticketing startup Festicket raises $6.3m

Who said that funding for music startups was drying up? Admittedly, Festicket is one of the companies that doesn’t require licensing deals for recorded music. Instead, it’s a company that sells festival tickets and travel...
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Tidal’s latest suitor is reportedly Apple Music

Gossip about Tidal being up for sale have been floating in the ether for at least half a year, even if the potential suitors (Samsung, Rhapsody, Google) have changed.
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All Def Digital raises $10m funding round

Russell Simmons’ online video firm All Def Digital has raised a $10m Series B funding round. The round was led by Third Wave Digital Partners, with VC firms WPP Ventures, Greycroft Partners and Andreessen Horowitz chipping...
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Music analytics firm Soundcharts raises €320k seed funding

With the first crop of streaming analytics companies acquired by bigger fish – Semetric by Apple and Next Big Sound by Pandora respectively – there’s a new wave of independent music-data startups in the industry. One...
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Mobile games firm Supercell valued at $9bn in acquisition

Founded in 2010 as an indie studio in Finland, Supercell has since become one of the biggest mobile games companies in the world. Games including Clash of Clans and Hay Day made it $2.3bn of revenues and a $924m net profit...