Amuse has raised $15.5 million in Series A funding in a round led by Lakestar and Raine Ventures

Sweden Investments 21 May 2018
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Amuse, a Stockholm, Sweden-based company aiming to become the next generation record label, announced that it has closed a $15.5M Series A financing round co-led by Lakestar and Raine Ventures.

The capital will be used to expand operations globally.

Amuse, founded in 2015 by a team of music industry experts including Diego Farias, Christian Wilsson, Jimmy Brodd, Andreas Ahlenius and Guy Parry, is creating a completely new way for musicians to distribute their music globally and for artists to be discovered. The company provides a free music distribution service, which creates a pipeline for new talent to deliver their music to major music services like Apple Music, Spotify and Deezer, among others. One hundred percent of the royalties go to the artist. With Amuse, artists can track their progress daily and see how people listen and download.

Amuse’s board of directors includes Edgar Berger, former Chairman and CEO of Sony Music International, and Jörg Mohaupt, former Warner Music Group board member. Gordon Rubenstein, Managing Partner, Raine Ventures, will join as a board observer.

Prior to this deal, Amuse raised about $4.5M in seed capital, from investors including the American artist Will.i.am.