Music Gateway – New Investment Sees Company Double Value
Music Gateway, the music industry marketplace has just concluded a round of private investment, which now sees the company valuation soar to £2 million, doubling from £1 million in less than a year.
It’s been an explosive start to 2015 for the unique business platform with their announcement in January of a new £25,000 fund for aspiring talent, combined with an exciting new joint venture with established digital distributor and publisher, KDigital Media from Asia.
Music Gateway has continually solidified its stance within the fast paced music industry and has come a long way since launching in August 2013, with a user base overtaking an impressive 20,000 talented professionals. December 2014 saw the launch of a unique Private Network solution with the likes of Island Records Dance and Notting Hill Music Publishing as founding clients. The Private Network is specifically designed to streamline the way creative professionals manage their projects and their network of musicians and suppliers.
“What a start to 2015! Not only has the new investment given us the ability to scale quickly and implement our plans this year, we’ve been blessed with some new investors who bring so much more than just cash to the table. It’s important to have investors that trust our vision and share our understanding of the ever-changing marketplace. It means we have a wealth of opportunities coming through to help drive the business forward, I couldn’t be happier with the team we have put together.”