2 years ago

Audoo Raises $5 Million for Global Expansion

  • Audoo, a UK-based music technology company, raised $5 million in funding, bringing the total amount raised to $22 million

  • The round saw participation from Elton John, David Furnish, MPL Ventures and ABBA’s Bjorn Ulvaeus, Tileyard and Edinv

  • The company intends to use the funds to expand operations and its business reach globally

  • Founded in 2018, Audoo aims to solve the public performance royalty data collection and payment distribution issue via its Audoo Audio Meter™ and insights platform.

      • ProblemTechnology

      "Collecting royalty data for music played in public places is a complex and time-consuming process, often leading to inaccurate payments to artists and rights holders."

      Solution

      "Audoo provides an audio recognition platform that tracks and reports every song played in public places, ensuring accurate and timely royalty payments to artists and rights holders."

      Covered on