5 years ago
Audoo Raises €1.7 Million to Revolutionize Music Royalty Distribution
Audoo, a UK-based technology startup aiming to revolutionize music royalty distribution, has raised €1.7 million in funding
The investment was led by Tileyard London, an innovative hub for creatives in the city
Audoo's mission is to create a more transparent music industry by providing musicians with clear insight into where their music is being played and ensuring they are paid fairly
The company has developed an Audio Meter to be installed in commercial spaces to track music usage and facilitate royalty distribution.
ProblemMedia and Entertainment
"making it difficult for creatives to track and get paid for their music being played in public areas"
Solution
"creating an Audio Meter to be installed in commercial spaces to track music play and provide transparent royalty distribution"