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Business News Digital
Muso raises new funding
By Andy Malt | Published on Wednesday 24 April 2019
Anti-piracy company MUSO has announced that it has raised a further £3.5 million in funding from Harwell Capital. This follows a £2.5 million injection from the venture capital firm back in 2017.
“Harwell has been a hugely supportive investment partner, who provide far more than cash alone to the company”, says MUSO CEO Andy Chatterley. “They understand our vision and objectives and bring significant advice and acumen to ensure we can execute on our continued growth plans in a most exciting market”.
Harwell MD Daniel O’Brien adds: “Since [our] first investment round nearly two years ago, Andy and the team have delivered significant value to existing and new clients including global leading corporate businesses and trade bodies, transformed the board to include high-profile growth stage veterans, and expanded the product range and application to significantly ratchet their addressable market. We remain supportive backers”.
The money will be used to expand the MUSO’s sales and marketing teams and widen its client base outside of music, in areas such as digital media, gaming and live broadcast.
