iMusician Raises Close to CHF 1 Million in an Investment Round Led by Scout24 Founder Joachim Schoss

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20.10.2014

Within only four weeks, Zurich-based music startup iMusician was able to secure CHF 970’000 in fresh funding. Business angels from the investiere network contributed 670’000 to this oversubscribed financing round led by Joachim Schoss, founder of Scout24 and board member of the Neue Zürcher Zeitung as well as the Goldbach Group. The rest was contributed by existing shareholders as well as the Zürcher Kantonalbank (ZKB).

iMusician provides an effective all-in-one solution for musicians to sell, market and license their songs online. The company offers a basket of services that replace a wide range of traditional music companies struggling to adapt to the new digital ecosystem.

“The successful closing of this oversubscribed financing round is not just a testament to iMusician’s approach in a space that is notoriously difficult to monetize,” states iMusician CEO Shigs Amemiya, “but also to investiere's highly engaged investors.”

“It was gratifying to see investiere's investors commit once in 2013 and then double or triple their stakes in iMusician in 2014. This highlights the power of being able to leverage many investors rather than one large investor. Furthermore, investiere helped iMusician secure new smart money investors, one of whom contributed a large six-digit amount,” Mr Amemiya added.

iMusician will use these funds to scale their marketing and operational efforts and develop innovative new features.

"With investiere, taking the lead for an investment round is a true pleasure,” states lead investor Joachim Schoss. “The team was very supportive and the financing process via the platform was smooth and hassle-free. To sum it up: investiere provides a truly professional service."

“We are happy that we were able to raise an impressive amount for iMusician in such a short time,” Steffen Wagner, CEO and co-founder of investiere, comments. “And we believe that one of the main reasons for our growing importance as one of Switzerland’s first addresses for early stage venture capital, is the fact that we are able to attract the best lead investors from each industry who then use investiere as their workbench”.

About investiere
investiere is a community of about 5'000 top investors and industry experts focused on startup companies, as well as being one of Europe’s leading online startup investment platforms. Since 2010, over 20 outstanding startups have used investiere to raise funds from private investors who bring relevant industry expertise and networks. Using the platform, the community itself identifies the most promising investment opportunities which are then further reviewed by experts from the relevant industry. A final selection is made by the investiere team and its partners after a careful due diligence. Once approved by the investiere team, investors can directly choose a specific startup and become a shareholder with all voting and property rights provided by the law. investiere systematically combines private investors with selected lead investors as well as institutional co-investors. investiere is operated by Verve Capital Partners AG domiciled in Switzerland.

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