Along with offering Music Royalties Enhanced Strategy Certificates (MRESC) to qualified professional investors, the finalist of the Startup World Cup 2022 just announced that its total capital raised now stands at over €3.3m.
ANote Music, the innovative music investment platform, has taken an important step forward in meeting the demands of its expanding customer base of family offices and institutional investors by sponsoring Music Royalties Enhanced Strategy Certificates (MRECs). Not unlike Bowie Bonds, MRECs, which are considered financial instruments under MiFID, will give investors access to more streamlined services when making investments of €125 000.
“This news reflects the growing interest that professional investors and family offices have in the music sector,” said CEO Marzio Schena, adding: “The royalties market has never been in stronger health and we are expecting lots more growth and more renowned rights holders to list catalogues on the ANote Music platform.”
Blockchain first
ANote Music has successfully raised a total of over €3.3 million in funding. A significant portion of this capital infusion – more than €500 000 – was provided by esteemed investors Algorand Ventures and ACME Innovation. Additionally, ANote Music has received further support through securing the Young Innovative Enterprise Grant from Luxinnovation.
“We are thrilled to see ANote leverage the lightning-fast speed, reliability, and security of the Algorand blockchain to facilitate the trading and distribution of payouts to investors and artists on their platform,” says Ryan Terribilini, EVP of Algorand Ventures.
“ANote Music has made fantastic progress since officially launching our platform three years ago. This capital raise announcement is evidence of that and enables us to further expand our operation, grow our ecosystem, and give even more opportunities to rights holders and investors.”
ANote Music CEO Marzio F. Schena
Profitable returns
With almost 90% of its investors experiencing profitable returns, boasting average annual gains exceeding 10%, the platform is on track to surpass €500,000 in total royalties distributed by the end of 2023, further cementing its position as an important player in the industry.
Since its official launch on July 28th, 2020, ANote Music has successfully listed eighteen music catalogues, attracting a diverse range of investors and music enthusiasts alike and achieved an exceptional milestone by being the only European company to make it to the final stages of the Startup World Cup.
More news is on the horizon as ANote Music plans to bring to market its first Asian music catalogue later this summer and launch the ANote Backstage Pass loyalty programme.
