Limelight Music secured DKK 1.75M from Capnova.
Limelight Music, a Copenhagen, Denmark-based company working on the development of a music streaming service, announced that it secured a DKK 1.75M ($271k) capital round from the investment company Capnova.
The money will primarily be used for marketing the app.
Limelight Music, founded in 2016 by Anders Nygaard and Qadar Ahmed, developed an app that helps people find new musicians. The company lists about 800 artists and intend to make money by working with record companies and booking agencies, who will be able to purchase valuable data about promising artists and users' listening habits once the company launches its analytics tool.