Sir Paul McCartney is among a group of investors behind a £7.2 million funding round for the music start-up Audoo.
13th December 2021
The former Beatle joins existing investors Edinv and Tileyard London, alongside Abba’s Bjorn Ulvaeus, in financing the company.
Audoo has collectively raised £14 million in pre-Series B funding and according to its chief executive is aiming at the European and North American markets “as they are generally the biggest music markets in the world.”
Founded by Ryan Edwards in 2018, Audoo is a music technology company seeking to revolutionise the royalty payment system for musicians through its Audio Meter device, which monitors music played in public venues.
Full article on The Times: https://www.thetimes.co.uk/article/sir-paul-mccartney-tunes-into-audoo-music-start-up-bnpgd3l2d