ANote Music within the operating for assist of 800,000 euros

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“Following ANote Music’s participation in our Match 4 Begin start-up acceleration program in 2019, it’s a pleasure to see the corporate as soon as once more profit from Luxembourg’s assist for R&D and innovation. By the ‘Younger Progressive Enterprise’ instrument, which goals to facilitate environment friendly scaling up of promising younger firms,” stated Head of Startup Acceleration at Luxinnovation, Stefan Berend.

The grant, which may attain as much as 800,000 euros, is topic to the flexibility of the start-up, which specializes within the administration of music rights, to realize the aims it has set with Luxinnovation, together with an upcoming capital elevate. . Up to now, the start-up created in January 2018 by Marzio F. Schena, Matteo Cernushi and Grégoire Mathonet has raised 1.5 million euros.

Not solely did she register the reinforcements as advisers of Matthew Knowles (founding father of Music World Leisure and father of Beyoncé) and Carlo Antonelli, however she noticed the worth of her music rights catalog attain 6.5 million euros and the variety of traders doubled to twenty,000 late final 12 months.

“We’re delighted that the ministry is offering continued assist to ANote as we try to develop our analysis capabilities,” stated the CEO of ANote Music. “We’re very proud to align ourselves with the nation’s popularity for rising progressive companies. The grant is a crucial step in our fundraising program and can play a significant position within the subsequent section of the enterprise, the place we are going to transfer from start-up to scale, supporting our IP growth, permitting us to proceed our contribution and innovation within the subject of music. the royalty business.”

Avril Lavigne, Avicii, the Seashore Boys and Drake are among the many artists who’ve “listed” a part of their musical rights on the Luxembourg platform.

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