We have successfully completed our Series B financing, totaling more than $7.7 million. Private equity firm Falcon Capital led the Series B financing round.
We will use the proceeds to advance our objective of transforming the music industry through the development of technology and application of Big Data. This successful funding round will allow us to continue on this trajectory, enhancing our technology platform and global infrastructure, which is already connected to many of the world’s leading music and entertainment companies. We will also increase the size of our engineering team, invest in user growth and continue to expand into new international markets, particularly in Asia.
“TuneGO, a next-generation music platform, will continue to innovate, connecting artists to the music industry with unprecedented access. We are always challenging the norms, and innovating products to usher in a new era in many categories, including rights management, royalty transparency for artists and how artists securely store and share their music with the world,” said John Kohl, co-founder and CEO, TuneGO. “Our distribution platform is unlike anything else offered today and will be the most artist-friendly distribution model ever offered to the marketplace.”
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