Enote, a digital sheet music firm, has raised EUR €10 million in a pre-series A funding spherical, which it plans to make use of to proceed growing its app.
The app, which presents a library of interactive sheet music, makes use of synthetic intelligence to create digital editions of printed scores.
Berlin-based Enote’s fundraising was led by Dieter von Holzbrink Ventures (DvH Ventures), the EU’s European Innovation Council (EIC Fund), and the Rudolf Fuchs Household Workplace.
The funding got here 18 months after Enote’s app was launched on Apple’s App Retailer, attracting greater than 70,000 musicians.
The app provides customers entry to a library of over 18,000 classical works, together with 1000’s of Urtext editions from important publishing homes like Henle, Bärenreiter, Breitkopf & Härtel, Peters and Durand.
It additionally presents instruments that assist musicians research, follow and carry out. The options embody good drawing instruments, computerized highlighting instruments that permit customers color-code elements and full flexibility to transpose and reformat music through digital version prototypes.
Commenting on the funding spherical, Boian Videnoff, co-founder of Enote and chief conductor of the Mannheim Philharmonic, stated: “We‘re tremendous excited to embark on the subsequent chapter of our journey with such sturdy companions by our aspect.”
“We’re excited to affix the founding crew of their dream of enhancing the lives of musicians by means of know-how, making high quality sheet music accessible and inexpensive to everybody, and remodeling the music business within the course of.”
Peter Richarz, DvH Ventures
“Not solely do they see the large enterprise alternative that lies within the nonetheless undigitalized sheet music market, however in addition they perceive the societal and cultural significance of Enote’s mission to democratize entry to sheet music and make music schooling extra rewarding, inexpensive and efficient for billions of digital natives all over the world.”
Peter Richarz, managing accomplice of DvH Ventures, one of many buyers within the funding spherical, stated: “We’re excited to affix the founding crew of their dream of enhancing the lives of musicians by means of know-how, making high quality sheet music accessible and inexpensive to everybody, and remodeling the music business within the course of.”
“Their proprietary synthetic intelligence is the important thing to a unified digital sheet music format.”
EIC Fund, in the meantime, indicated that it invested in Enote as a result of its mixture of cultural significance and leading edge AI strategies.
“Europe has many revolutionary, gifted startups, however too typically these corporations stay small or relocate elsewhere,” stated Hermann Hauser, board member on the EIC Fund.
“Because of our funding, Enote is ready to proceed preserving European cultural heritage by making it extra accessible and interactive”.
Enote continues to be inviting angel buyers, enterprise capital funds and household places of work to affix the second closing of its pre-series A funding spherical. EIC Fund plans to match the upcoming funding with “Euro for Euro,” in line with the press launch.
Enote’s funding spherical comes amid elevated investor urge for food for classical music.
The app is “designed to ship the listening expertise classical music lovers deserve,” stated Apple.
Music Enterprise Worldwide