PRESS RELEASE: ANote Music raises €505.000 in first funding round
January 27, 2020
Luxembourg, 27 January 2020 – The Luxembourg based startup ANote Music is excited to announce that €505.000 have been successfully raised from a stellar consortium of music industry experts and European investors. The funds will be used to fuel the development and expansion of the first true European stock exchange for Music Rights.
The investment was led by one of Europe’s music industry foremost heads who joined ANote Music as one of its trusty advisors and investors. The first funding round was split in two tranches – one of €180.000 back in July 2019, followed by a second round of €325.000 in December 2019. The capital will be used by ANote Music for the further advance and establishment of its proprietary trading platform. Product innovation and adjusting the features to the users’ needs are key focus points for ANote Music’s team, who spotted the gap and the opportunity in the music business, making their mission to sustain the market of music rights and foster its liquidity and transparency.
The funding will also drive farther the company’s expansion in terms of marketing and business development activities, spreading the word about investing in music as an alternative asset class, and maturing into a strong, successful company. The ANote Music Trading Platform is the first real marketplace that gives the general public the chance to own music rights and earn money through the royalties that are being generated over the years. As with all new concepts, the growth of the company will go along with educating users, while gaining their trust, and that is exactly what ANote Music aims to achieve with its integrated marketing scheme.
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About the Company
ANote Music Sàrl. is the company that created the first true Stock Exchange for Music Rights and was founded by Marzio F. Schena, Matteo Cernuschi and Grégoire Mathonet in January 2018, incorporated and with its headquarters in the Grand Duchy of Luxembourg. ANote Music identified the power of music as the next big asset class, developing a key presence in Poland and Italy, through a strong network of advisors and a representative office at the Music Innovation Hub in Milano. For more information, visit https://anotemusic.com