Auddly raises SEK 20M in venture capital for their music platform.

Sweden Investments 14 February 2017
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Auddly, a Stockholm, Sweden music company raised SEK 20M ($2.24M) in an investment round supported by the former ABBA star Bjorn Ulvaeus.

Auddly, founded in 2012 and led by CEO Niclas Molinder, provides a web and mobile platform for music creators allowing them to manage collaborations, royalties and music business. Thir proposition is conceived so that it simplifies the entire creative and administrative workflow.

Prior to this round, Auddly raised about $2.8M in several rounds from investors such as Almi Invest, Ash Pournouri or Björn Ulvaeus. In the summer of 2016, Auddly received a SEK 15 million ($1.7M) convertible note from its existing investors.