The latest company hoping to make a splash in the music/tech investment scene is DBTH Capital, whose founding partner is veteran music executive Virginie Berger. It’s got some money to make that splash too.
“Happy to announce that my VC Fund, DBTH Capital has raised €35 million in a first close of its first fund. The firm had raised that amount from 9 investors and the plan is to raise more than that amount,” wrote Berger in a post on LinkedIn. “The strategy is to invest in companies with a entertainment rights tech focus.” She added that the fund will merge with “a US family office (which has nearly $5bn in assets under its control) that is one of the anchor investors”.
Berger is certainly busy: she has also just joined an LA-based company “in the rights tech/music tech field”, and is planning to fully launch an initiative called We Are Music Tech which aims to create a community around music/tech startups globally. “I will finally be able to launch WeAreMusicTech in partnerships with amazing companies,” wrote Berger. “I was not really allowed to work on it before.” Berger was CEO of licensing hub Armonia Online from 2016 to 2018, and then joined Belgian VC fund LeanSquare as a venture partner.