Luxembourg-based ANote Music, a platform where people can buy, sell, and earn from music royalties, has raised €2 million in new funding.
The funding round was led by Seventure Partners and ScaleFund, with support from existing investors and shareholders. ANote Music will use the new funding to expand its music catalogue, reach more users across Europe, and improve its platform and mobile app.
Marzio F. Schena, CEO and co-founder of ANote Music, commented, “Music royalties have been one of the most resilient income streams in finance, and one of the hardest for ordinary investors to reach. We built ANote to close that gap: fair, transparent valuations for the rights holders who sell, and recurring royalty income for the people who buy. Seventure and ScaleFund let us do that for a far larger market.”
The new funding will support ANote Music’s three main priorities. The first is to expand the range of music royalty catalogues available on its platform.
The company plans to work with record labels, publishers, artists, and songwriters to bring more music royalty opportunities to the market.
David Manjarres, General Partner and Head of the ICT department at Seventure Partners, added, “To unlock a global asset class, you need flawless infrastructure, not just a platform. ANote has engineered the definitive financial plumbing for music royalties. Bringing primary auctions, a live secondary order book, and an automated distribution engine under one roof is a rare technical feat, and it’s exactly why we stepped up to lead this round.”
ANote Music was founded in 2018 by Schena, Matteo Cernuschi, and Grégoire Mathonet. The company officially launched its music royalty investment platform in 2020.
ANote Music aims to connect the music industry with the financial world by making music royalties easier for people to access as an investment opportunity.
The platform allows users to buy, sell, and earn from music royalties linked to popular music catalogues. Its catalogue includes songs connected to artists such as The Kinks, Beyoncé, The Who, Backstreet Boys, Justin Bieber, Britney Spears, Drake, and Avicii.
ANote Music works somewhat like a stock exchange for music royalties. Music rights holders can offer part of their future royalty income on the platform, allowing them to sell or transfer their royalty interests through an open marketplace instead of relying only on private deals.
