Piracy-tracking firm Muso raises £3.5m more funding


UK-based Muso, which tracks online piracy and provides marketing tools for music companies to target that audience, has raised £3.5m (around $4.5m) more funding. It’s not a new round, but rather an extension of its existing Series A round, taking it to £6m ($7.8m) in total.

Investor Harwell Capital was responsible for the additional injection of cash. Muso says it’ll use the funding to expand its sales and marketing, as well as bolstering its expansion from music into fields like gaming and live broadcasts. “Harwell has been a hugely supportive investment partner, who provide far more than cash alone to the company. They understand our vision and objectives and bring significant advice and acumen to ensure we can execute on our continued growth plans in a most exciting market,” said CEO Andy Chatterley.

Written by: Stuart Dredge