Russian music streaming service for business Muzlab acquires Market Music for $4 million

Exclusive: Russian music streaming service for business Muzlab has acquired Belarus-born Market Music, which offers audio marketing and digital signage systems, for $4 million. The acquisition gives Moscow-based Muzlab ownership of Market Music’s suite of complementary products, over 8,000 new retail outlets, and technologies the buyer says will allow it to further improve its algorithms, […]

“AI Eurovision” Special: Where androids dream of electric guitars

In this episode, we’re joined in our virtual studio by Ed Newton-Rex, who sold his AI music startup to ByteDance. Ed is a jury member of the AI Song Contest — billed as the “AI Eurovision,” — where 12 teams compete with their songs created with the use of AI. Public voting in the contest is open until May 10.

Bristol-based music tech startup Pirate Studios raises $20 million

British startup Pirate Studios, which operates 24/7 self-service recording studios across the UK, Germany, and the US, has raised $20 million from Talis Capital, a London-based VC family office. Founded in an abandoned police station in Bristol, Pirate Studios started as a rehearsal studio that the founders David Borrie and Mikey Hammerton offered to music […]

Classical music streaming service Idagio raises €8 million

Idagio, a classical music streaming service, has raised €8 million in a Series A round from Tengelmann Ventures, Mülheim/Ruhr, btov Partners, and a number of angel investors. Classical music is not well-served in the current digital streaming landscape, said Till Janczukowicz, CEO of the German company. “Search criteria such as composer, work, conductor, orchestra, soloist […]

Spotify acquires Swedish music recording startup Soundtrap

Spotify has acquired Swedish startup Soundtrap, an online platform for recording and collaborating on music. No figures were disclosed. The Stockholm-based startup was founded in 2012 and has raised more than $8 million in funding from investors including Industrifonden and former Spotify CFO Peter Sterky. According to the announcement, the startup’s team will continue to […]

Swedish podcast platform Acast raises $19.5 million to go global

Podcast platform Acast, based in Stockholm, has raised $19.5 million in a Series B round from Swedbank Robur’s Ny Teknik and Microcap funds to continue its internationalisation. Other investors in the round include Norron Asset Management’s funds Target and Select, bringing Acast’s total funding to date to $32 million. Acast is a platform for on-demand […]