Amuse raises $15.5 m for its mobile record label
In 2017 the news about a new Swedish startup called Amuse that was proclaiming itself as “the first mobile record company in the world” jumped. The project has an application through which artists, without a record contract, can upload their music for distribution. A complex monitoring system is then responsible for comparing the data to detect the results of the artists and offer them a result for their promotional work. A little more than a year later, Amuse announced a fifteen and a half million dollar A Series financing round co-led by Lakestar and Raine Ventures. Consider that Raine Ventures is one of the investment funds owned by the merchant bank The Raine Group, which had a significant stake in SoundCloud last year. Amuse describes himself as a “next-generation record label” with a distribution-based service that pays 100% of royalties to artists by maintaining agreements with incipient artists based on their music license. place of the assignment of their rights.